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Form 3520 Part IV, line 54 (c). If several gifts are below $5k, where would I enter the total gift received?
Received more than 100k from non US parent, some gifts are higher and some are lower than $5k. If the table in 54 (a), (b), (c) is only for gifts above $5k, the total FMV in (c) will not include the all gifts. Correct? Should I enter the total amount received somewhere? Gifts: different securities, on different dates.
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May 14, 2024
5:12 AM