Thank you @ToddL99 for your prompt response and guidance. I have a question for the following scenario:
I received a large gift from Foreign Person X, intended only for me, in my own bank account in 2020. Later in the year my spouse and I receive another large gift from the same Foreign Person X, intended for us, to our joint bank account. Can I report both of these gifts on one Form 3520 filed jointly? If not, may you kindly advise how to file Form 3520 appropriately for this case, thank you.
