I got a 150k as a gift from a family member (Nonresident Aliens) to purchase a property and after the purchase, I returned the excess amount (40k). The two transactions are 4 months apart but both in 2021.
What should be reported on form 3520? Should I include the difference or the full amount? Also, if I would put the full amount, does that mean I have to file another form for giving the money back as a gift?
