Live and work in California.
1. Is there any impact send 100k USD to parent? (outside USA)
I heard it is not allowed to even transfer to spouse. Is that true?
2. Is there a way to transfer money out of USA in a big sum efficiently?
thanks
Send 100kUSD to parent
Moderator: Mark T Serbinski CA CPA
Re: Send 100kUSD to parent
You can transfer as nmuch as you wish. However above a certain amount this is a taxable gift by IRS. google info on Gift tax to non-citizens
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing