https://ttlc.intuit.com/community/taxes/discussion/how-to-report-form-3520-and-inheritance/01/2094630#M753821 <P>I inherited an asset from foreign country and want to file Form 3520.&nbsp;</P><P>In Form 3520, A.&nbsp; which one should I check ?&nbsp; Initial, Final, Amended ?&nbsp;</P><P>It was not from Trust,&nbsp; some says&nbsp; Do not check any.&nbsp; &nbsp;I am not sure which one is correct...</P><P>&nbsp;</P><P>It is not from Trust, I need to fill up Part IV only, right?&nbsp;</P> Tue, 16 Mar 2021 22:41:57 GMT hp100 2021-03-16T22:41:57Z https://ttlc.intuit.com/community/taxes/discussion/how-to-report-form-3520-and-inheritance/01/2094630#M753821 <P>I inherited an asset from foreign country and want to file Form 3520.&nbsp;</P><P>In Form 3520, A.&nbsp; which one should I check ?&nbsp; Initial, Final, Amended ?&nbsp;</P><P>It was not from Trust,&nbsp; some says&nbsp; Do not check any.&nbsp; &nbsp;I am not sure which one is correct...</P><P>&nbsp;</P><P>It is not from Trust, I need to fill up Part IV only, right?&nbsp;</P> Tue, 16 Mar 2021 22:41:57 GMT https://ttlc.intuit.com/community/taxes/discussion/how-to-report-form-3520-and-inheritance/01/2094630#M753821 hp100 2021-03-16T22:41:57Z https://ttlc.intuit.com/community/taxes/discussion/re-how-to-report-form-3520-and-inheritance/01/2095035#M753977 <P>You will leave it blank- you are correct that it only applies to trusts.&nbsp; You only need&nbsp;Part IV U.S. Recipients of Gifts or Bequests Received During the Current Tax Year From Foreign Persons.</P> Tue, 16 Mar 2021 23:30:23 GMT https://ttlc.intuit.com/community/taxes/discussion/re-how-to-report-form-3520-and-inheritance/01/2095035#M753977 MaryK4 2021-03-16T23:30:23Z