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Investors & landlords
If the value of the gift is $100,000 or more, you must report it to the IRS on Form 3520. See this IRS reference for details: https://www.irs.gov/businesses/gifts-from-foreign-person
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
‎October 11, 2019
6:31 AM