Delete my question

[dummy24]

Delete my question

[Anonymous_]

See https://www.irs.gov/instructions/i709#en_US_2023_publink16784xd0e432

Note that you can apply the applicable credit against gift tax since you are residents of the United States.

See https://www.irs.gov/instructions/i709#en_US_2023_publink1000292384

I strongly urge you to seek guidance from local legal counsel and/or a local tax professional.