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    scopy's Avatar
    scopy Posts: 6, Reputation: 1
    New Member
    		  
    #1

    Apr 5, 2007, 12:13 PM
    Sending money aborad
    Hi
    I am not a US citizen, but I am considered resident alien for tax purposes in US and have been filing 1040EZ for the last few years. I am on H-1B visa in US. My question is:
    If I send money to my family abroad, is the money sent considered as gift? Specifically, can I claim this money as gift deductions for my taxes? Lets say, the money remitted abroad is less than US $12,000
    scopy's Avatar
    scopy Posts: 6, Reputation: 1
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    #2

    Apr 6, 2007, 06:26 AM
    Can someone answer this question please? Thanks.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Apr 16, 2007, 01:36 PM
    There is NO SUCH THING as a gift deduction on the U.S. income tax return.

    There IS a donation for charitable donations, but that does not include money given to your family.

    BOTTOM LINE: You cannot deduct the money you sent to your family.
    storeroom23's Avatar
    storeroom23 Posts: 6, Reputation: 1
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    #4

    Apr 16, 2007, 01:53 PM
    What happens if the money sent abroad was used to donate to a foreign chartiy? Can that be used as part of charitable donations?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #5

    Apr 17, 2007, 12:47 PM
    Sorry, then it was NOT donated by you, but by your family.
    storeroom23's Avatar
    storeroom23 Posts: 6, Reputation: 1
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    #6

    Apr 17, 2007, 01:10 PM
    Hey ATE!. Thanks for replying patiently...
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #7

    Apr 24, 2007, 09:26 AM
    Glad to help!
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