So if I file my 3520 in for gifted foreign real estate in 2024. I've decided to sell it in 2024 valued around $200,000. I will deposit that amount into foreign bank account where my real estate resides. And transfer that same amount into my US bank account also in 2024. The question is:
Come 2025, what forms do I need to file?
1. Do I need to file 3520 again since I open a foreign bank account with 200k deposited it in?
2. Do I also file 8938 since it is above threshold?
