Hi Susan,
Continuing with a related inquiry 🙂 The gift money transferred into my foreign account(s) pushed the balance over $10,000 last year. Given that I'm prepping to submit Form 3520, do you reckon it's necessary to also tackle the FBAR (FinCEN Form 114) filing? I'm thinking since I'll be disclosing the funds through Form 3520 anyway, maybe that could suffice. Looking forward to hearing back from you! Much appreciated in advance!
@SusanY1
