I receive cash $15,000 to $30,000 a year as gift from my foreign friend, should I file tax on that? Is there any limits each year?

[nycfancy]

How do I approve this is cash gift to IRS that this not income, this is gift. 

[MaryK1 · Accepted solution]

No, gifts are not taxable to the recipient and do not have to be reported on your tax return.

[nycfancy]

Thanks for your answer. But should I show any papers to IRS that this is cash gift, not income?

[SweetieJean]

You can record it as nontaxable income in the Sales Tax deduction section if you itemize.

[nycfancy]

I see, thanks! But I don't have to add it on the sales tax deduction section, right?

[MaryK1]

No you do not have to

[nycfancy]

Great, thank you very much. Another questions, because this is large amount cash received in once, when I save them in my bank, should I notice them that this is gift? As usually save over $10,000, they will report. I just wanted to make sure i will not get into any troubles.

[nycfancy]

Great, thank you very much. Another questions, because this is large amount cash received in once, when I save them in my bank, should I notice them that this is gift? As usually save over $10,000, they will report. I just wanted to make sure i will not get into any troubles.

[MaryK1]

Yes, to be completely safe, you could ask the person who gave it to you to write something out at the time you receive it (like the cards I used to get in college from my parents!) or memo on check deposited-  otherwise, as you said note it on your bank statement

[nycfancy]

That's great idea. At least I would add the note on my bank statement. Thank you so much for your help!