No. Gifts no matter how much are not reportable or taxable to the receiver unless if is from a foreign country in excess of $100,000, then there is not tax but it must be reported.
The *giver* of a gift that is more than $15,000 in a year must file a form 709 gift tax return. There is no actual tax but it reduces the lifetime exemption of $11.58 million.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
