@IH22 , agreeing with @RobertB4444 on US$100,000 being the threshold for filing requirement of form 3520 receiving cash/ liquid asset from a foreign person / estate/ trust by a US person ( citizen/GreenCard / Resident for tax purposes ). Additionally you may also have to file form 8938 along with your return if the monies rested in a foreign account owned / operated by you or you have signature authority over ( nominee account holder ). You also may come under FBAR rules.
There is no filing requirement for the Non-Resident person/entity of the other side of the transaction.
Is there more you need ?
