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Did they pay taxes on their gift? If not, they committed a crime IMO. Probably FTX paid the taxes, but maybe no one did, in which case the parents owe it.
by prirun 3y ago
Did they pay taxes on their gift? If not, they committed a crime IMO. Probably FTX paid the taxes, but maybe no one did, in which case the parents owe it.
- dragonwriter 3y agoUS gift taxes are owed by the giver, not the reciever (and its not an “if A fails than B must” thing.) Not sure if there are other taxes a US party receiving a gift of real property in the Bahamas would be required to pay related to the transaction.