epierpa
Returning Member

Form 3520 - when to file what

A foreign relative passed away in 2022 and I inherited portions of apartments and money.

The apartments were registered under my name in 2022, but the money was transferred to me in 2023. 

I have a tax extension until Oct 15 2023, for the 2022 taxes.

 

I understand that I need to file form 3520 by Oct 15 separately from my taxes directly to IRS.

Do I need to include the money received during 2023 in my form 3520 sent on Oct 2023, or only the apartments?

 

Will I have to file another 3520 next year for the money that was  transferred to me in 2023?

 

Thanks