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Get your taxes done using TurboTax
No. Gifts are not reported on an income tax return.
A foreign gift that exceeds $100,000 must be reported on a 3520 form.
https://www.irs.gov/pub/irs-pdf/f3520.pdf
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎September 30, 2021
9:08 AM
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