Is this evasion?


H

Han

In the past I have transferred funds I inherited from
Holland to my own US bank account. As I understand it I
have to calculate and pay capital gains taxes since the US $
has devalued appreciably since October 2002. I have also
gifted money to my grown children and to my grandchildren.

Can I legally circumvent those capital gains if I send the
Dutch funds directly to the children/grandchildren? This
would be done by having the Dutch bank deposit dollars
directly into their checking accounts.

Thanks for any enlightenment!
 
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