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Do I need to pay tax with foreign wire transfer received from Uncle (non-US residents/citizens) living in another country?
I got 80k international wire transfer
and
80k each in my minor kids account under me
will that be counted towards my taxes (fill that in one 3520 form with all the wire transfer )
or i have to file three 3520 forms one for each person .
as the amoutn is less than 100k is it required to file 3520 from or not required.?
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‎February 15, 2024
6:12 PM