Hi there, I have a friend whose mom who lives out of the country (Brazil) and is going to be making a $100k payment as a gift to my friends mortgage loan (lives in Nevada). We were thinking the best way to accomplish this is for her mom to just wire the 100k payment directly to her mortgage company. What, if any tax liabilities are there for this? If there are any for receiving a large gift like this what is the best way to mitigate the amount of taxes owed?
Thanks in advance !