Gifts are not taxable to the recipient. You do have to file Form 3520 to report a gift of more than $100,000 from a nonresident alien individual or a foreign estate (including foreign persons related to that nonresident alien individual or foreign estate).
Your father will not pay any U.S. gift tax if he is a U.S. nonresident alien and it is not a gift of real and tangible property situated in the United States, such as money from a U.S. bank account.
You will not have to pay any tax on the gift.
You can do anything you want with a gift. A gift is a gift.
The lifetime exclusion only applies if your father is subject to U.S. gift tax laws.
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