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health2100
Oct 26, 2009, 10:25 AM
My aunt who was non-US citizen living in Europe, proir her death from cancer, gave me her saving in a form gift of 90K that I transferred from abroad to my US bank account. It this money taxable or/and reportable?
MukatA
Oct 27, 2009, 12:25 AM
Gift or inheritance received by you is not taxable.
If you had account in foreign country, you should be aware of requirements to file Form FBAR.