Taxes for Lending money - USA to India

Bloomberg / Eng
kilokahn

Go to company page Bloomberg Eng

kilokahn
Jul 11, 2021 9 Comments

My friend needs some cash for his business in India. I have already transferred $5000 this year to my brother for medical expenses.

How much more can I send to my friend this year? What’s the amount when either of us start paying gift tax?

Blind Tax - 250k 6 YOE.

comments

Want to comment? LOG IN or SIGN UP
TOP 9 Comments