Manuel, a citizen and resident of Argentina, makes a gift of a ranch located in Colorado to his children. Manuel is subject to the U.S. gift tax.

Name: Manuel, a citizen and resident of Argentina, makes a gift of a ranch located in Colorado to his children. Manuel is subject to the U.S. gift tax.
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Question

Quizplus · Accepted Answer

Non-resident aliens, like Manuel, are subject to U.S. gift tax on transfers of real property located in the United States.

Manuel, a Citizen and Resident of Argentina, Makes a Gift