MargaretL
Expert Alumni

Get your taxes done using TurboTax

No, you don't have to file F3520. Per the form's instructions, you should file F3520 if you received:

  • Gifts or bequests valued at more than $100,000 from a nonresident alien individual or foreign estate (including foreign persons related to that nonresident alien individual or foreign estate); OR
  • Gifts valued at more than $16,076 for 2018 (adjusted annually for inflation) from foreign corporations or foreign partnerships (including foreign persons related to the foreign corporations or foreign partnerships)