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-   -   Tax on money tranfer from abroad (https://www.askmehelpdesk.com/showthread.php?t=140679)

  • Oct 14, 2007, 05:38 PM
    hmahdavi
    Tax on money tranfer from abroad
    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.
  • Oct 15, 2007, 12:11 PM
    AtlantaTaxExpert
    If you are a U.S. resident, then that retirement is taxable income. You must report it on Line #16 of Form 1040.

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