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Is the 100k foreign gift tax-free limit per individual or per couple if my husband and I file jointly?
My UK Citizen father wants to gift us (US citizen husband, permanent resident me) $150,000.
My husband and I file taxes jointly.
If my father transferred $99,000 into my personal US account from UK and $51,000 into my husbands personal US account from UK would these be considered separate foreign gifts and under 100k, therefore, we would not have to fill out form 3520?
‎June 5, 2019
5:08 PM