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How much are you taxed on money gifts?

How much are you taxed on when you recieve money gifts (5 to 6 figures)? Is there a $ limit you can recieve as a gift?
What if the gift giver is from oversea’s..is it up to his own tax laws? Is there any other specifications when recieiving money gifts from another country?

Tags: taxed, money, much, Gifts

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