I thought it was a straightforward case and didn't consult with a tax professional. I received a cash gift from a foreign friend to help with a personal situation so I just filled out #54, not #55 nor #56. I then realized the funds actually came from a foreign corporation and my friend had also changed his mind and wanted the gift to be a loan instead, likely with no to low interest. It seems like I at least had made two mistakes: 1. the information was not correct on the form 2. i actually didn't need to file this form at all...
