- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Education
Money transferred to your own account isn't a gift or income. However, if you are a US tax resident transfers to a foreign account that result in a balance of $10,000USD equivalent or more for even one day will trigger a requirement to file FBAR/FinCEN 114. You can learn more about FBAR HERE.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 3, 2024
4:41 PM