- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
If the bank account is in your name only then only you would be reporting the total amount of the gift on a 3520. If a joint account for the gift and it is less than $100,000 each then the 3520 would not be required.
Just note the 3520 is an informational form only and has no bearing on a tax return.
Just note the 3520 is an informational form only and has no bearing on a tax return.
‎June 4, 2019
9:52 PM