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New Member
posted Jun 30, 2020 12:41:58 AM

Should I file taxes if my parents (not US residents, live in another country) support me (A Full-Time student, US citizen and resident) financially and send funds to me?

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2 Replies
Expert Alumni
Jun 30, 2020 5:35:54 AM

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?

Returning Member
Dec 21, 2020 7:56:01 AM

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