Anne G. asked

💰  Tax

My relative is going to come to the US with cash. Here he's going to open a bank account and deposit his cash. Then he's going to make me a gift from that money. Will it work and do I have to pay any taxes?

July 6th, 2024

Jacob B. answered

Yes, it is legal for your relative to transport any amount of currency or other monetary instruments...

July 6th, 2024

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