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Non US spouse transfer money to my account for mortgage payment
My wife is a non US citizen and she and I both work and live abroad in Japan. We've saved up a good amount of money and want to transfer at least 100,000 USD to make a big payment on my US mortgage. If she transfers the money to my US account, what taxes do I have to pay?
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May 31, 2019
5:49 PM
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Deductions & credits
None. Gifts from one spouse to another do not need to be reported.
May 31, 2019
5:49 PM
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Deductions & credits
A "gift" is never taxed. But you "MAY OR MAY NOT" be required to report it. See https://www.irs.gov/businesses/gifts-from-foreign-person
June 27, 2019
12:44 PM