Robin D : Hello and thank you for using Just Answer,
Robin D : Yes
Robin D : The threshold to report are gifts over $100,000
Robin D : If you receive a gift from a non resident that is more than $100,000 you are required to report the gift using form 3520
Customer: This US person who is receiving the gift is a resident of the state of California. Any other details or effects?
Robin D : There are only federal requirements
Customer: no reporting as in federally?
Robin D : The form 3520 (I posted above) is a federal form
Customer: The reporting is for individual gifts or cummulative gifts within a tax year?
Robin D : There is no tax to the US person
Robin D : just reporting
Robin D : That is correct
Robin D : All gifts in the year
Robin D : cummulative
Customer: Ok! thank you very much