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-   -   Foreign Gift tax (https://www.askmehelpdesk.com/showthread.php?t=335461)

  • Mar 29, 2009, 04:21 PM
    gengfeng
    Foreign Gift tax
    I received 200K foreign gift. How can I transfer back to US? Is there any tax implication? What forms I need to file?

    Thanks
  • Mar 29, 2009, 04:31 PM
    MukatA

    In the U.S. the receiver of the gift does not pay any tax. You will need to file Form 3520.
    Read Your U.S. Tax Return: The U.S. Gift Tax

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