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How does bringing money from savings abroad affect my taxable income?
Hello,
Thank you in advance for your help with this!
I am planning to transfer my savings abroad (more than $10,000 USD) to my national bank account in the US. Will I need to pay taxes on this transference? Or in other words, is this considered taxable income? Where and how should it be declared?
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March 3, 2023
4:31 AM