Welcome! My goal is to do my very best to understand your situation and to provide a full and complete answer for you.
Good afternoon. No, this would be a gift, and thus it's not income. A donee does not pay a gift tax; and since it's a gift, there are no income taxes resulting to you. But, if the amount is over $100,000 to either of you, you will need to file a Form 3520 with the IRS to simply report it because it is coming from outside the U.S. There will be no tax; it's only a reporting requirement.
Thank you somuch for allowing me to help you with your questions. I've done my best to provide information whichwill be helpful to you. If I have notfully addressed your questions or if you have any follow up questions, or if Ihave misinterpreted your questions in any way, please do not rate me yet, but simply ask a follow up question without rating soI can provide you with a fully satisfactory answer. If I have fully answered yourquestion(s) to your satisfaction, I would appreciate you rating my service with 3, 4, or 5faces/stars so I can receive credit for helping you today. I thank you in advance for taking the time toprovide me a positive rating!
Thank you so much for the positive rating! I appreciate having had the opportunity to serveyou! If I can be of assistance to you inthe future, just look me up and I will be happy to help!