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    Mike1459's Avatar
    Mike1459 Posts: 1, Reputation: 1
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    #1

    Jul 17, 2010, 06:25 PM
    If I receive money from my parents/inlaws, are these monies subject to taxation?
    My parent are not US citizens or residents and do not live in the US. If monies are received from another country.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Jul 18, 2010, 02:37 PM

    Assuming that you are talking about a rreceiving a gift from your parents or in-laws, then no, there are no tax implications, at least for you in the US. Whether there are any taxes due for your parents or in-laws live is dependent on their local tax laws.
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