Cici123
New Member

Deductions & credits

Hello 

 

 

From IRS website 

_____________

You are a U.S. person who, during the current tax year, received either:

  1. More than $100,000 from a nonresident alien individual or a foreign estate (including foreign persons related to that nonresident alien individual or foreign estate) that you treated as gifts or bequests; 

________________

Quick question, if my parents both wire $80,000 individually within one tax year. ( Sum as $160,000)

 

Do I need to file 3520 form? 

 

 

Really appreciate for the help!