Thursday, May 13, 2010

What Tax form I need to fill out for gifts from my parents in law?

Hi, my father in law sent us large amount of money (%26gt; 200K US dollars) from foreign country to U.S. I am sure I don't need to pay tax on it. What form I need to fill out to report this out?


Thanks!What Tax form I need to fill out for gifts from my parents in law?
You don't report it.

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