{ "media_type": "text", "post_content": "My father who lives in India has some dollars in his international account. Can he transfer them to my US account ? Is there a limit after which there can be tax implications for me", "post_id": "61867bf66285450034241ed5", "reply_count": 2, "vote_count": 1, "bowl_id": "58f8108c753e990016608a0b", "bowl_name": "Desi Consultants", "feed_type": "bowl" }

My father who lives in India has some dollars in his international account. Can he transfer them to my US account ? Is there a limit after which there can be tax implications for me

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I think it's up to 10 K before tax kicks in.


You may have reporting requirements depending upon threshold. https://www.irs.gov/businesses/gifts-from-foreign-person

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