jacksun210
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Hey,I am living in US. Do you mean we do not need to report to IRS no matter how much money is transferred to a overseas bank account on whatever purpose?
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Thanks.I know that a bank reports every transfer greater than 10,000 to IRS. Do I need to have the bank change "gift" to "repay loan" ?
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- Got Cheered for I wired $100,000 abroad to my parents to pay back my tuition I borrowed from them. How to do tax about this transfer?. March 19, 2021 10:32 PM
- Posted Re: Bank to bank transfers are not reported on a federal tax... on Get your taxes done using TurboTax. November 2, 2020 5:29 PM
- Posted Re: I wired $100,000 abroad to my parents to pay back my tuition I borrowed from them. How to do tax about this transfer? on Get your taxes done using TurboTax. July 8, 2020 11:44 AM
- Cheered Re: I wired $100,000 abroad to my parents to pay back my tuition I borrowed from them. How to do ... for MinhT1. July 8, 2020 11:27 AM
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- Posted I wired $100,000 abroad to my parents to pay back my tuition I borrowed from them. How to do tax about this transfer? on Get your taxes done using TurboTax. July 8, 2020 10:59 AM