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December 24, 2020
Question

I am an Indian citizen working in the United States on an H1B visa. In the event that my parents wire me a sum of money from India to my bank account in the U.S., will those funds attract taxes? If so

  • December 24, 2020
  • 1 reply
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1 reply

Critter-3
December 24, 2020

Gifts from anyone in any amount are NOT reported on a US income tax return because it is not income.