topic Do I need to file Forms 8300 money for inheritance? in Get your taxes done using TurboTax

Do I need to file Forms 8300 money for inheritance?

pacmanbythebay — Tue, 24 Feb 2026 08:19:54 GMT

My relative is planning to wire about >10K cash for my Grandparents inheritance to me overseas. Do I need to file 8300 since the transaction is over 10K? or any other forms?

Re: Do I need to file Forms 8300 money for inheritance?

DoninGA — Wed, 20 Dec 2023 00:13:45 GMT

Funds transferring from a US account to an overseas account are not reported by you on any type of tax form.

Inheritances received are not reported on a federal tax return, regardless of the amount inherited.

Re: Do I need to file Forms 8300 money for inheritance?

pacmanbythebay — Wed, 20 Dec 2023 00:19:38 GMT

Thanks for the quick response. It is the other way around. I assume it is the same?

Re: Do I need to file Forms 8300 money for inheritance?

DoninGA — Wed, 20 Dec 2023 00:28:34 GMT

Gifts given to a person are not reported on federal tax return. Unless the gift given is over $17,000 (2023) then giver of the gift, if a US citizen or resident, has to report the gift give on a Form 709.

The receiver of the gift does not report the gift received on a federal tax return, regardless of the amount received.

The IRS Form 8300 is only used by a Trade or Business. Each person engaged in a trade or business who, in the course of that trade or business, receives more than $10,000 in cash in one transaction or in two or more related transactions, must file this form.