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Re: Nonresident Alien Parent, Joint U.S. Account, and Gift Tax Quest...

I see, thank you for the explanation. Is there a section of the IRS website where this is mentioned?

useful

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Updated Feb 20, 2025
Re: Nonresident Alien Parent, Joint U.S. Account, and Gift Tax Quest...

Got it. But wouldnt then transferring that money to my personal account trigger a gift tax obligation?

useful

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Updated Feb 20, 2025
Re: Nonresident Alien Parent, Joint U.S. Account, and Gift Tax Quest...

Thank you for the response David!The money in the account is fully managed and owned by my father, my understanding is that as long as I do not move that money ...

useful

5

Updated Feb 20, 2025

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Date Registered	‎February 17, 2025 10:12 PM
Date Last Visited	‎February 20, 2025 1:50 AM
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