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Updated over 7 years ago on . Most recent reply
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Bringing Gifts from Abroad
Dear Bigger Pockets Members,
My relative, who lives in Turkey and is very old is considering giving me a gift of several million dollars before she passes away. She is not a US citizen. If I were to accept this money, would I be liable to taxes in the United States? I am trying to get clarity on this issue as it is a lot of money and I want to make the correct decision on how to best go about accepting this money.
Thank you all for your responses,
Eser