What is the name of your state? California
Hello,
I’m a foreigner coming to California on Dec 1st with a K1 fiance visa to marry and establish my residence in this state.
A few days after my entering California but before the wedding my father (also a foreigner, who lives and will stay in the foreign country and not immigrate to the US) makes me a gift of 270,000 $.
Will my father or I have to pay gift tax or any other kind of tax on this sum in California/the US?
(As I read that gift tax questions should be posted elsewhere, this question is mainly aimed at the possibility of other taxes applying to our case – Though if someone where able to tell me about the gift tax I would still very much appreciate it!)
Many thanks in advance!
Jessie
Hello,
I’m a foreigner coming to California on Dec 1st with a K1 fiance visa to marry and establish my residence in this state.
A few days after my entering California but before the wedding my father (also a foreigner, who lives and will stay in the foreign country and not immigrate to the US) makes me a gift of 270,000 $.
Will my father or I have to pay gift tax or any other kind of tax on this sum in California/the US?
(As I read that gift tax questions should be posted elsewhere, this question is mainly aimed at the possibility of other taxes applying to our case – Though if someone where able to tell me about the gift tax I would still very much appreciate it!)
Many thanks in advance!
Jessie
