pk
Level 15
Level 15

Get your taxes done using TurboTax

there is no requirement for you to file form 3520 ( since your parents  already  have reported ). However, if the  money rests  in a foreign bank  in account where you have  signature authority at least, you may have to report the accounts  for FBAR ( Treasury for  114 ) and/or FATCA ( IRS form 8938 )