Foreign Gift (2x $13.500)

[christian4]

Hi TurboTax.

My family lives in Germany, I live in the U.S. and pay taxes here. I received one gift from my mom (equivalent $13,500) and one gift from my dad (equivalent $13.500). To my understanding, I do not need to pay taxes on those, right?

What I am wondering though: I am transferring those gifts from a German bank account to my U.S. bank account. Do I need to report that in any way? If so, which forms and how?

Best, Christian

[TomYoung]

True gifts are not income to the recipient.  If they were we'd all be including our Christmas presents in our income tax returns.  There can be reporting - not income tax - requirements as outlined here:

https://www.irs.gov/businesses/gifts-from-foreign-person

though it doesn't seem you fall into a reporting requirement.

Tom Young