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Deductions & credits
Could you tell me which option box I need to check for first page of Form 3520 , A Check appropriate boxes, initial return, final return. due to my father (foreign individual ) gave me $200K as gift. I checked the instruction from IRS for this form. they only say for foreign trust identified.
"Initial return. If this is the initial return you are filing concerning the foreign trust identified, check the “Initial return” box."
Do I need to leave these box for blank? one said I need check the initial box. Is it right ?
February 13, 2021
7:41 AM