https://ttlc.intuit.com/community/taxes/discussion/gifting-crypto-to-outside-usa/01/3109539#M1143689 <P>If the parents live in a country with no tax on crypto, can we gift the crypto to them and incur no tax obligations as long as it is under $12 million lifetime limit?<BR />Will there be any legal/tax concern if they the put these crypto in their Will for me?</P> Tue, 24 Feb 2026 08:04:51 GMT Jackomotto 2026-02-24T08:04:51Z https://ttlc.intuit.com/community/taxes/discussion/gifting-crypto-to-outside-usa/01/3109539#M1143689 <P>If the parents live in a country with no tax on crypto, can we gift the crypto to them and incur no tax obligations as long as it is under $12 million lifetime limit?<BR />Will there be any legal/tax concern if they the put these crypto in their Will for me?</P> Tue, 24 Feb 2026 08:04:51 GMT https://ttlc.intuit.com/community/taxes/discussion/gifting-crypto-to-outside-usa/01/3109539#M1143689 Jackomotto 2026-02-24T08:04:51Z https://ttlc.intuit.com/community/taxes/discussion/re-gifting-crypto-to-outside-usa/01/3109558#M1143690 <P>Great question.</P> <P>&nbsp;</P> <P><SPAN class="d9FyLd">Giving a 2023 crypto gift</SPAN><SPAN class="hgKElc">&nbsp;under $17,000 in crypto:<SPAN>&nbsp;</SPAN><STRONG>No tax implications for gifter</STRONG>. Gifts above $17,000: Gifter must report gift to the IRS, using Form 709. Gifts above $17,000 count toward to a lifetime gift exemption of $12.92 million ($12.06 million in 2022)</SPAN></P> <P>&nbsp;</P> <P><SPAN class="hgKElc"><SPAN>Receiving a cryptocurrency gift is not considered a taxable event. Gift recipients are not required to recognize your newly-received cryptocurrency as income. However,&nbsp;</SPAN><STRONG>you may be subject to capital gains tax</STRONG><SPAN>&nbsp;if/when you dispose of your cryptocurrency in the future.</SPAN></SPAN></P> Wed, 15 Nov 2023 21:12:52 GMT https://ttlc.intuit.com/community/taxes/discussion/re-gifting-crypto-to-outside-usa/01/3109558#M1143690 TeriH 2023-11-15T21:12:52Z