Hi teams
Recently I met one issue about the form 3520. I already filed the 1040 with 0 form 3520 with EFILE, but just now I realized I have to file form 3520 due to gift from non US residence. . So I am trying to file 1040 X to tell IRS that I just need to change the form number 3520, but I can’t find any field at 1040 X to tell IRS about it.
Question 1:
Do you know any field at 1040 X can tell this ?
Question 2:
I plan to just file the 3520 alone without 1040 X, is it OK?
Question 3:
if all of the gift money is from my foreign band account, i just use my father/relatives annual dollar ammount to transfer it, so i transfer the money from my foreign band account then they transfer dollar from their account to my United state account. do i need to file 3520?
Question 4:
i took those gift as the downpay of my house loan, and lender take it as gift when applying the loan.
Appreciate if you can answer the Q1 and Q2. Question 3 and Question 4 is opt.
Thanks.
