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How do you declare foreign money when filling taxes?

This is my first time filling for taxes, and I just move from South America. If my mom sent me money every month from our country which was in our currency but then cashed from an ATM in dollars, do I have to declare that money as income? I am a working student and that money was part for my education.

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5 Responses to “How do you declare foreign money when filling taxes?”

  1. wartz said:

    It is not income so you don’t have to report it.

  2. figment_usa said:

    If the money was a gift from your mother, then it’s not taxable to you and you don’t have to report it.

  3. Spock (rhp) said:

    gifts from family, or anyone, are not taxable income in the US. therefore, you need not report this as income on your taxes.

  4. v b said:

    You’d only have to file a report (IRS form 3520) if the amount was over $100,000…which I doubt!

  5. Lakeshia Panasci said:

    “as many as u want.”




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