N
nurk
Guest
What is the name of your state? CA
Do the $1,000,000 gift tax exemption for lifetime gifts and the $11,000/yr limit apply if the donor is a non-citizen resident (green card holder) and the donee is a non-citizen, non-resident? (The money to be gifted has been earned in the US and is in a US bank).
Also, is California one of the states that imposes a gift tax, and if so, do the same yearly limit/lifetime exception amounts apply as for Fed tax purposes?
Thanks!
Do the $1,000,000 gift tax exemption for lifetime gifts and the $11,000/yr limit apply if the donor is a non-citizen resident (green card holder) and the donee is a non-citizen, non-resident? (The money to be gifted has been earned in the US and is in a US bank).
Also, is California one of the states that imposes a gift tax, and if so, do the same yearly limit/lifetime exception amounts apply as for Fed tax purposes?
Thanks!
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