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    rrice's Avatar
    rrice Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Aug 13, 2012, 07:48 AM
    Tfr from hungary to usa
    I am to receeive some money from relatives in hungary - it is over 10,000 so if I have them send less than 10000 how often can they do it and do I delare this money on my income tax?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Aug 13, 2012, 07:51 AM
    There are no transfer taxes on the U.S. so you will not have to declare the money on your tax return.
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