SpaghettiEd
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Thank you very much, this explained it all.
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But my parents are nonresidents and not citizens of the United States, they don't files taxes here. They still would have to pay gift tax?
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Would I have to pay taxes for the sum received?Thanks,
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- Cheered Re: Do my parents have to deal with taxes if they gift me $500,000? for Opus 17. April 7, 2023 2:06 PM
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- Posted Re: Do my parents have to deal with taxes if they gift me $500,000? on Get your taxes done using TurboTax. April 7, 2023 1:44 PM
- Posted Re: Do my parents have to deal with taxes if they gift me $500,000? on Get your taxes done using TurboTax. April 7, 2023 1:41 PM
- Posted Re: Do my parents have to deal with taxes if they gift me $500,000? on Get your taxes done using TurboTax. April 7, 2023 12:44 PM
- Posted Do my parents have to deal with taxes if they gift me $500,000? on Get your taxes done using TurboTax. April 7, 2023 12:07 PM