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  #1  
Old 01-09-2003, 07:26 PM
nata60
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Gift tax

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?
  #2  
Old 01-09-2003, 07:41 PM
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Location: Washington
Posts: 3,484
No. Gifts are not taxqable to the recipient. If you get interest on the money this year, you'll pay tax on the interest.
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  #3  
Old 01-10-2003, 06:28 AM
nata60
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Thank you.
Should I mention this money on my tax form ?
(I understand that the money itself is not taxable)
  #4  
Old 01-10-2003, 12:51 PM
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Location: Washington
Posts: 3,484
No. If it's not taxable, don't mention it.
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