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Get your taxes done using TurboTax
If you are a US taxpayer, you never pay tax on gifts you receive. Gifts from foreign corporations must be reported if they are more than $15,000 in a year, and gifts from foreign persons must be reported if the amount is more than $100,000 in a year. There is no tax owed, just a report, and the report is filed separately and not included in Turbotax, you would have to do it on your own if it was required.
‎August 14, 2020
6:53 AM