MultiversX Tracker is Live!

Transferring funds to my USC spouse from outside the country as a non-resident: Tax implications?

All Cryptocurrencies

by COINS NEWS 75 Views

Hello everyone!

Sorry if this post doesn't align with the spirit of this subreddit. If so, please suggest where I should post instead.
I'm exploring the option of sending a significant amount of money to my spouse in the US using cryptocurrency (thinking about USDT). As a non-resident living outside the US, I have a few questions:

Are there any US gift tax implications for sending crypto to a US citizen spouse? How does it work for non-residents?

I'm also interested in understanding the most efficient way to transfer crypto in this context. Any insights on minimizing fees and ensuring a smooth transaction would be appreciated.
I could send it through conventional means like SWIFT but the fees are around 5% and I wanted to see if there are more cost-efficient solutions.

Thank you!

submitted by /u/Poufyyy
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments