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If I receive a gift from a relative that lives outside of the U.S., do I have to pay tax?

The total gift is $300,000.

2007-02-04 03:19:59 · 1 answers · asked by Fortunate but Curious 1 in Business & Finance ➔ Taxes ➔ United States

1 answers

No gifts are never income to the receipient. Enjoy!

2007-02-04 03:33:54 · answer #1 · answered by waggy_33 6 · 0⤊ 0⤋

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