Is there ia gift tax on a US citizen receiving a gift from a foreign national?
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Is there ia gift tax on a US citizen receiving a gift from a foreign national?
Gift taxes are generally paid by the giver.
There is no gift tax for the receiver of the gift.
If the gift is more than $100,000 you must file Form 3520.
For more info, read: Your U.S. Tax Return: The U.S. Gift Tax
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