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concettarebirth
Jun 29, 2011, 10:41 AM
Hi there, my husband will be wiring from Greece $100.000 to $150.000 to my account in Los Angeles for a downpayment to purchase a home.
Will the government tax us for it? Or for a home purchase it'll be tax free?

Thank u

Cc

kcomissiong
Jul 25, 2011, 08:34 AM
Taxes should have been paid on this as income in the country of origin. There is no tax for an incoming wire, but depending on the amount, you will need to report the gift on the appropriate schedule to the IRS.