bobdeei
New Member

I have a friend who asks me to receive money (<$2k) from his bank in Vietnam to my bank in the US to buy some products for him. Is this considered gift or taxable?

He got a business to purchase items from the US and ship them to the US address that he hired. I think that address is the shipping service that later ship items to Vietnam. He lately (just recently, not happened before) has some problem with Paypal that prevents him to purchase some products to the mentioned address. I don't know what's the matter with Paypal, but he asked me to receive the money to buy things and ship them to the mentioned address.

Is $2000 counted as gift if I receive this to purchase products for him? Then if I receive the amount of $2000, do I have to include it in Form 3520 or my tax return?