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    hmahdavi's Avatar
    hmahdavi Posts: 1, Reputation: 1
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    #1

    Oct 14, 2007, 05:38 PM
    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.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    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.
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