How do taxes on gifts affect EB-5 investment?
I would like to participate in the EB-5 investor program and my uncle may provide me with a gift of $580,000. However, I was wondering what the tax consequences might be for me and my uncle? How might this impact my investment?
The personal investment amount has to equal $500,000.00 and no less ( assuming the EB-5 project is in a TEA). The first step is for you to retain a U.S. international tax attorney who will be able to advise you on the tax and gift liabilities.