What is the name of your state? Virginia
My wife's parents are going to give us money towards a downpayment on a home. My wife is here on a student VISA, she is not a US citizen and her parents are ont US citizen's nor do they live in the US. If they gift us more than 24k are they subject to US Gift taxes?
Thanks
My wife's parents are going to give us money towards a downpayment on a home. My wife is here on a student VISA, she is not a US citizen and her parents are ont US citizen's nor do they live in the US. If they gift us more than 24k are they subject to US Gift taxes?
Thanks