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    tititoto's Avatar
    tititoto Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Oct 28, 2009, 11:58 PM
    Taxes when transferring my own money from abroad?
    Hello,

    I am a permanent resident.
    I wanted to transfer 300k (my onw money from my bank account) from Europe to the US.
    I read I have to fill the form 3580.
    Question: will I have to pay taxes?

    Thanks!!
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Oct 29, 2009, 12:24 AM

    You can transfer any amount from your account in Europe to the U.S. No form filing is required.
    However, since you have foreign account you need to file Form TD F 90-22.1.
    tititoto's Avatar
    tititoto Posts: 2, Reputation: 1
    New Member
    		  
    #3

    Oct 30, 2009, 10:26 AM

    Thanks for your quick answer!
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