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Eaglo

Bring foreign spouse's money to our joint US account

By Eaglo in Tax & Finances During US Immigration

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Eaglo Apprentice

Eaglo   0

Posted
Filed: IR-1/CR-1 Visa Country: Italy
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Good Morning VJ!

 

What is the easiest/cheapest/smoothest way to transfer my wife's bank account from an Italian bank to a US bank legally?  How would it effect us tax wise?  Is it smarter to bring over a bit at a time?  Are there any tricks-of-the-trade we should be aware of?

 

Thanks!!

 

Eaglo

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Ashley Scott Enthusiast

Ashley Scott   180

Posted
Filed: K-1 Visa Country: England
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We used Transferwise to send my husbands money in the UK to my account in the US.  It was easiest and best exchange rate that we found.  I am not sure how it will effect taxes, etc.  We transferred smaller amounts every week for a couple of months before he came over.

:wub:"Waiting is a sign of true love and patience.  Anyone can say "I love you", but not everyone can wait and prove it's true" :wub:

 

12/21/16 - I-129f packet sent to Texas

12/23/16 - I-129f packet received

1/5/17- NOA1 receipt date

1/10/17 - NOA1 Hardcopy received

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Italian_in_NYC Rising Star

Italian_in_NYC   259

Posted
Filed: Citizen (pnd) Country: Italy
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No tax implications, if it's her money.

AOS:

RD: 6/21/06

Biometrics: 7/25/06

ID: 10/24/06 - Approved

Conditional GC Received: 11/3/06

I-751

RD: 7/31/08

NOA 1: 8/6/08

Biometrics: 8/26/08

Transferred to CSC: 2/25/09

Approved: 4/23/09 (email received)

Card mailed: 4/28/09 (email received)

Card Received: 5/1/09

N-400

RD & PD: 7/28/09

NOA 1: 8/1/09

Biometric appt: 8/12/09

Interview Letter received: 10/02/09 (notice dated 09/29)

Interview Date: 11/10/09 at Federal Plaza in Manhattan

Oath Letter: 11/10/09

Oath Date: 11/13/09 - Special ceremony at USS Intrepid - Done - USC

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