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Form 3520 from parent
Each of my parent (both are NRA) give me gift of $50k so since they are related the total reaches $100k.
So my first question will be that do I file one 3520 with both transactions listed or two separate 3520 and if have to be 2 forms can I mail them together in one envelope ?
Then both transactions are wire transfer of cash from foreign person , so I only need to fill part IV right ?
Although I will be filing tax return jointly with my wife , the 3520 form is not jointly as both transactions were from my parent is that correct ?
Do I need to attach any notice or receipt from bank?
Thanks
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‎September 2, 2023
8:24 AM