Hi there. My wife and I are both U.S citizen, my wife’s aunt is foreign and living in Asia. In 2017 my wife’s aunt sold her house and gave us money as a gift by wire transferred into our joint checking and saving account. There are three transactions wire transfer into our checking account total is 70K and two transactions into our saving account total is 60K. My questions:
Do I need to fill a 3520 from? If I do need to fill a 3520 form, is there required any document to attach? In my case, do I just only need to fill out line 1a to j and part 4 line 54? Is that correct?
Thank for your time to advise.
