Hi @Opus 17 ,
So my spouse has to be a US citizen, not a US permanent resident. In order for us to be exempt from paying gift tax and or there being no limit to the amount I can gift my spouse?
And if shes not a US citizen, I'm only allowed to give her a total amount of USD $159,000 or less per year in order not to file form 709 and proceed without reporting anything to the IRS?
I'm just trying to make sure I'm understanding it correctly.
Thank you,
