Hi Community , I am unable to find the answer for the below scenario .
My dad gifted me 20,000 for some personal expenses here in the united states. I am a resident for tax purposes. However my Dad is a resident and citizen of INDIA .
QUESTION 1 : Does he have to file 709 (or any other form ) or pay any taxes as he gave more than the annual 17,000 limit ? He has already paid the taxes locally in India for the money transferred to me .
QUESTION 2 : In a scenario if he has to file 709 (or any other form ) I see that IRS does not have any lifetime exclusion/exception for non-residents/non-citizens.
QUESTION 3 : What is the consequence is my Dad does not file 709. Technically he is a citizen of INDIA and pays his taxes there .
