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Gifts
My brother send me money 100000 as a gift do I have to pay taxes from overseas
Gifts received from an individual are not reported on a tax return.
If the gift is from a foreign individual and the amount of the gift is greater than $100,000 the gift has to be reported to the IRS or Form 3520. There are no gift taxes owed on the gift received but must be reported to the IRS.
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