It depends. The IRS regulations state "In general, a foreign gift or bequest is any amount received from a person other than a U.S. person (a foreign person) that the recipient treats as a gift or bequest and excludes from gross income. A foreign gift does not include amounts paid for qualified tuition or medical payments made on behalf of the U.S. person.
Please review the reporting requirements here at large gifts from foreign persons. Also check this link for instructions in completing form 3520.
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