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Get your taxes done using TurboTax
I am not convinced with the answer given by Turbo Tax Employee. The US tax rules (in best of my knowledge) says that If a foreign citizen/residents want to send a gift (cash etc) to a US Citizen/legal resident and amounts will be less than $100000 then there is no US tax requirement but in case amount exceed $100000 then US Citizen/legal resident have to report in Form No. "3520" to IRS. But I advise always file form 3520 (whatever the amount) to support of your bank account trail for future reference. There will be no tax at all in the above situation.
May 31, 2019
4:51 PM