@question_tax2025 wrote:
Thanks.Are there any exclusions for non-US citizens?
I found few threads mentioning if they are non-US citizens,they have a maximum of $190,000 after which they incur taxes . Is that true?
Source link : https://www.morganlewis.com/pubs/2024/10/irs-announces-increased-gift-and-estate-tax-exemption-amoun....
As legal US residents that would not apply.
However, I will page our expert on non-citizen issues for assistance.
@pk Your opinion please
