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April 9, 2025
Question

International wire transfers from my parents as gift money

  • April 9, 2025
  • 1 reply
  • 0 views

My parents sent me gift money last year with two transactions and the total amount is less but close to $100k. Do I need to report them via TurboTax? Thanks!

    1 reply

    Employee
    April 9, 2025

    No.   Gifts you received are not entered on a tax return.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**