It would be my understanding the asset transferred to you this year has previously been reported on Form 8938 by your benefactor.
In 2020, the account is reported as being transferred.
In 2021, you will pick up any reporting requirement.
There will be no break in reporting.
The IRS is not likely to query or reject your return as you are fully compliant with the instructions on how to report this transaction in 2020.
When you provide information other than what the IRS requests or in a manner other than they request is when you risk having to try to explain something that never needed explaining in the first place.
