GeoffreyG
New Member

Deductions & credits

Hello orange10394:

Thank you for your kind words, and for the follow-up questions.

You only really need to enter the gift as a single entry on Form 3520.  In other words, don't break it up into smaller amounts, even if that is how you ultimately had to transfer it out of your foreign account, due to currency controls.

Also, I would suggest using the full (legal) name of your grandmother on the tax forms, rather than an abbreviation or attempting to shorten it.  The exception to that would be if there is not enough space in an electronic data field to accommodate her whole name on the particular tax form, in which case you would have no choice but to (selectively) abbreviate.

Thanks again!