@pk Thank you very much for replying. Sorry for the lack of the details in my post.
1. My parents are from China. They are entering the US next week (Nov. 20) with IR-5 Immigration Visa. Then their physical green card will be mailed to them. But it can take up to 3 months. So they likely won't get their green card until next year. I always thought holding a IR-5 is treated the same as green card for tax purpose. Maybe I am wrong?
2. I am a US citizen
3. I am just trying to figure out if either them or I need to report the gift they are giving to me. They already gifted me <$100k while they were in China earlier this year. And plan on gifting me another $10k once they entered the US next week.
