Oliver84
Returning Member

Get your taxes done using TurboTax

Thanks v much DoninGA.  Understood about 3520 requirement.  My confusion is about US tax implication on my the gift giver (my father) - i.e. no tax if originating account is foreign, but tax assessed if originating account is US.  There is some language about taxes if the gift is US Situs - but I wasn't sure if cash in US bank account is considered US Situs.