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View Full Version : Tax on money tranfer from abroad


hmahdavi
Oct 14, 2007, 05:38 PM
I retired from my job abroad before moving to the US and becoming a US legal resident (green card). My retirement pay is now up to 35K. I have asked my sister to transfer it here to my bank in the US. What must I do with regard to the IRS? Thank you.

AtlantaTaxExpert
Oct 15, 2007, 12:11 PM
If you are a U.S. resident, then that retirement is taxable income. You must report it on Line #16 of Form 1040.