gk
10-16-2002, 07:29 PM
My parents came to USA and they got about $8000 in the form of traveller's checks.
I deposited that amount in my account..
Is this taxable? Also, if I get about $5000 from my friend (assuming he is nice friend!), does that need to be accounted for tax purposes?
I deposited that amount in my account..
Is this taxable? Also, if I get about $5000 from my friend (assuming he is nice friend!), does that need to be accounted for tax purposes?