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Get your taxes done using TurboTax
Gifts received from an individual are not reported on a tax return, regardless of the amount received.
If the gift received is from a foreign individual and the amount received is greater than $100,000 then the gift received has to be reported to the IRS on Form 3520. However this is an informational form only and there is no tax on the gift.
So, for your questions -
1) No
2) No
3) No
‎June 4, 2019
12:45 PM