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Gift tax

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N

nata60

Guest
What is the name of your state?
new jersey
My relative from Ukraine who is not US resident is going to wire $30, 000 to my account in the US (I am a US citizen).
Should I include the gift money in my tax return?
How?
 


abezon

Senior Member
No. Gifts are not taxqable to the recipient. If you get interest on the money this year, you'll pay tax on the interest.
 
N

nata60

Guest
Thank you.
Should I mention this money on my tax form ?
(I understand that the money itself is not taxable)
 

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