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Deductions & credits
If you receive the funds directly from a foreign person then it is not relevant for how the funds are used. It is not taxable income to you and not reported on your tax return since it is a gift.
If the amount received from the foreign person is in excess of $100,000 for the year then you are required to report the funds received using IRS Form 3520.
‎June 23, 2019
12:14 PM