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If the irs decides that pain and suffering is not valid, then the amount received by the donor may be considered something special. Currently, there is a gift limit of $10,000 every year per distinct. So, it may be best to pay/receive it over a two-year tax timetable. Likewise, be sure a check or wire transfer comes from each unique. Again, not over $10,000 per gift giver yr is possibly deductible. Example: Mary, an American citizen, is single and lives in Bermuda.
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