You'll need to sign in or create an account to connect with an expert.
The money from your parents is not taxable to you. However, do you have other sources of income? See the link below to determine if you have a filing requirement:
Do I Need to File a Tax Return?
I am a US green card holder and my parents are non us citizen living abroad, we have a joint foreign account holder and every month I withdraw some money from the account. Does it mean I have to report the taxes / foreign bank account to IRS? Account in my name is less than $5000, and I only withdraw some money from that account. Thank you
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
JMillBrand13
New Member
wallen8821
New Member
brooksp88
New Member
elpez
Returning Member
lao2965-lo
New Member