topic Re: Been told that I am to be gifted 7 million dollars by a woman who is dying and that I can keep 30% and she wants the other 70% given to some charities. what about taxes? in Get your taxes done using TurboTax

Been told that I am to be gifted 7 million dollars by a woman who is dying and that I can keep 30% and she wants the other 70% given to some charities. what about taxes?

schultzprojectmanager — Fri, 14 Nov 2025 09:59:44 GMT

She lives in the Netherlands and the money is in a bank in England and my bank account is in washington state. There must be taxes involved with this type of foreign transaction. Would anyone know the tax laws regarding this type of foreign account transfer?

Re: Been told that I am to be gifted 7 million dollars by a woman who is dying and that I can keep 30% and she wants the other 70% given to some charities. what about taxes?

fanfare — Fri, 14 Nov 2025 13:43:08 GMT

United States does not tax gifts.

@schultzprojectmanager

The next step will be to find out how much of your own money must be deposited in their account to move forward.

Don't be a sucker.

Re: Been told that I am to be gifted 7 million dollars by a woman who is dying and that I can keep 30% and she wants the other 70% given to some charities. what about taxes?

xmasbaby0 — Fri, 14 Nov 2025 14:13:22 GMT

This sounds like a scam. If and when you are required to pay any of your own money ahead of the "gift" coming to you, consider that to be confirmation that you are being scammed.

Re: Been told that I am to be gifted 7 million dollars by a woman who is dying and that I can keep 30% and she wants the other 70% given to some charities. what about taxes?

Opus 17 — Fri, 14 Nov 2025 14:23:20 GMT

Be extremely careful. Use some of that money to hire a lawyer before you send any money to anyone.

Look up "Advance Fee Scam" on your favorite search engine. There are thousands of examples. Never pay out money to get more money.

The US does not tax large gifts to the recipient. (There is a report that must be filed for gifts from foreign persons of more than $100,000 but there is no tax owed.)

If the Netherlands or England supposedly taxes this gift, that tax should be paid by the giver before the balance is sent to you, not paid by you before you get the money.

Assuming this is a real gift, gifts are gifts, not contracts. Once you get the money you can legally keep it all. If this is a contingent gift (you must do X to get Y) then it is a contract and you should have any contract involving that large an amount of money reviewed by a competent attorney before you agree to anything. Attorneys also have escrow accounts that can hold the "taxes" so they are paid properly, if they are real.

But it's probably a scam.

Re: Been told that I am to be gifted 7 million dollars by a woman who is dying and that I can keep 30% and she wants the other 70% given to some charities. what about taxes?

M-MTax — Fri, 14 Nov 2025 15:54:31 GMT

@Opus 17 wrote:
Look up "Advance Fee Scam" on your favorite search engine.

https://en.wikipedia.org/wiki/Advance-fee_scam

Almost certainly a scam. Why would someone you presumably don't know and have never met gift you money, @schultzprojectmanager?

Re: Been told that I am to be gifted 7 million dollars by a woman who is dying and that I can keep 30% and she wants the other 70% given to some charities. what about taxes?

schultzprojectmanager — Fri, 14 Nov 2025 20:52:10 GMT

Thanks to all who replied and as I thought it most likely is a scam and I won't get involved.