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Level 2
posted Apr 15, 2022 4:30:11 PM

International wire transfer over $10K

I send money to my son's  financial account oversea for living cost and tuition more than 10K in 2021.

Do I have to report to IRS?

 

0 2 770
2 Replies
Expert Alumni
Apr 16, 2022 9:47:04 AM

No.   This has nothing to do with your income or his income and cannot be used towards any credit either.

 

Level 2
Apr 16, 2022 11:45:25 AM

Thank you