Form 3520 is a form that needs to be completed and mailed in. You can still complete your regular tax filing with TurboTax.
Form 3520 is a disclosure document, and there is never any actual tax due with it.
Since you returned 40K, you could report a gift of 110K on Form 3520. You don't have to file another form.
Click this link for more info on Form 3520.
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