Foreign bank account

[Renatadp3]

Hi,

so I have a foreign bank account that never exceeded the value of $5000. My parents gifted me with more than $10’000, from the selling of one of their properties, in order to pay the mortgage on my house.

should I file a FBAR? Is that considered income? Even if it was a gift? 

[ToddL99]

Gifts are not considered income and are not reported on your tax return. 

You are not required to file a FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR) report for a foreign bank account where the value never exceeded $5000 during the calendar year.

From IRS comparison of Form 8938 and FBAR requirements:  

You are only required to file if: Aggregate value of financial accounts exceeds $10,000 at any time during the calendar year. This is a cumulative balance, meaning if you have 2 accounts with a combined account balance greater than $10,000 at any one time, both accounts would have to be reported.Aggregate value of financial accounts exceeds $10,000 at any time during the calendar year.

[Renatadp3]

Even if that gift greater than $10’000 was in my foreign bank account for a week?

thank you very much for your answer.