@Diegos , while agreeing with my colleague @JotikaT2 , I would like to ask you to consider what information the form is trying to gather. As you can see from the structure of the form and the instructions thereto, it is one that was designed for dealing with foreign trusts which are associated with US persons and has been co-opted to deal with gifts, bequeathals etc. to a US person from a foreign person/ estate etc. For Part IV specifically all it is trying to get is the information about large donors -- thus the two step data collection --- First you check the box for threshold determination ( US$ 100,000 ) and second , list ONLY those gifts/ bequeathals above a threshold of US$5000. The instructions also suggest that even after meeting the qualifying amount of US$1000,000, you write on the first line of the table for line 54, " No Gifts or Bequests exceed $5000" .
Given the above I would suggest that in case you have a mix of gifts that are above and below the 5000 threshold, You list those that are equal or above US$5000 individually ( as required ) and then on the fist empty line in column (b) write -- XX number of gifts / bequests are below US$ 5000 and ( if you so choose ) add the aggregate value of those gifts . This will provide all the info the form requires and additionally match the total of all gifts/bequests for the current tax year. This path also has the benefit of recognizing the all gifts , just in case you get audited .
Does this make sense ?
Is there more one of us can do for you ?
pk
