I’m an international student from China with F1 status. I’ve been here for 7 years. My parents wire transferred me a total of over $100000 last year from their accounts in China to my three bank accounts at boa. Should I report this gift from my parents through form 3520? I know should be a resident alien now since it’s been over 5 years, but I’ve heard of a treaty from China that says students can still be nonresident alien after 5 years. Is that true? Is the form 3520 for resident alien?
