Gift

[mani6]

My wife got a gift of about $4500 from her mother who lives in India.  Do I need to report it and if so where in TT.

[DoninGA]

Gifts received from an individual are not reported on a tax return, regardless of the amount received.

The gift received from a foreign person only has to be reported to the IRS if the amount of the gift is over $100,000.

[mani6]

Thanks