Hi last year before I became a green card holder (in May), my father gifted me about 60k cash deposit in my overseas account (Taiwan), then I used this money and bought a small property in Taiwan.
In July I became a green card holder. So my question is, do I still need to report my gifted money and property when filing my 2017 tax report?
Thank you very much!
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If the property you purchased is a rental property, you must report income from all sources within and outside of the U.S.
Tips for U.S. Taxpayers with Foreign Income https://www.irs.gov/newsroom/tips-for-us-taxpayers-with-foreign-incomeStill have questions?
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