I am NRA,has no connection to USA sourced income.I gifted USD 500k to son, studying in USA.He transfer to real estate developer,for EB5 visa.Is he liable to pay gift tax

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If you gifted $500k to your son, he is not liable for gift tax, but he has to file form 3520 with the IRS if he is a U.S. person ( citizen or resident of the United States).

Please read this IRS document:

https://www.irs.gov/businesses/gifts-from-foreign-person

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This is a question on Transfer of Development Rights. I sold the development for my primary residence. How do I pay the taxes on that?

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I am NRA,has no connection to USA sourced income.I gifted USD 500k to son, studying in USA.He transfer to real estate developer,for EB5 visa.Is he liable to pay gift tax

I am NRA,has no connection to USA sourced income.I gifted USD 500k to son, studying in USA.He transfer to real estate developer,for EB5 visa.Is he liable to pay gift tax

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I am NRA,has no connection to USA sourced income.I gifted USD 500k to son, studying in USA.He transfer to real estate developer,for EB5 visa.Is he liable to pay gift tax

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I am NRA,has no connection to USA sourced income.I gifted USD 500k to son, studying in USA.He transfer to real estate developer,for EB5 visa.Is he liable to pay gift tax

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