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Returning Member
posted Jun 5, 2020 9:31:22 AM

Gifting a property by non-resident

Hi,

 

I am currently a non-resident (non-citizen) for US tax purposes until 2021. I plan to gift my apartment outside the US (in my home country) to my mom (who is also a non-resident, non-US citizen having no ties to the US residing in my home country) later this year (2020 tax year). Will I be subjected to any taxes (gift or estate or other) on this transaction?

 

Thanks.

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1 Replies
Level 15
Jun 5, 2020 9:37:07 AM