topic I am filling form 3520, What I should right in Section IV 54a,b,and c? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-am-filling-form-3520-what-i-should-right-in-section-iv-54a-b-and-c/01/2520077#M239949 <P>I received $350K from my father in 2021 to pay off my house, he used to send $80K per 3 months. what I should list in 54a, b, c?</P><P>Is it like the<BR />&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;A&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;B&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;C<BR />02/20/2021&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $80000&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;FMV of property received?????</P><P>05/20/2021&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $80000&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;FMV of property received?????<BR />08/20/2021&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $80000&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;FMV of property received?????<BR />[removed]&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $80000&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;FMV of property received?????</P><P>&nbsp;</P> Mon, 09 Mar 2026 05:01:05 GMT Ashrafmoh 2026-03-09T05:01:05Z I am filling form 3520, What I should right in Section IV 54a,b,and c? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-am-filling-form-3520-what-i-should-right-in-section-iv-54a-b-and-c/01/2520077#M239949 <P>I received $350K from my father in 2021 to pay off my house, he used to send $80K per 3 months. what I should list in 54a, b, c?</P><P>Is it like the<BR />&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;A&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;B&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;C<BR />02/20/2021&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $80000&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;FMV of property received?????</P><P>05/20/2021&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $80000&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;FMV of property received?????<BR />08/20/2021&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $80000&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;FMV of property received?????<BR />[removed]&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $80000&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;FMV of property received?????</P><P>&nbsp;</P> Mon, 09 Mar 2026 05:01:05 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-am-filling-form-3520-what-i-should-right-in-section-iv-54a-b-and-c/01/2520077#M239949 Ashrafmoh 2026-03-09T05:01:05Z Re: I am filling form 3520, What I should right in Section IV 54a,b,and c? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-am-filling-form-3520-what-i-should-right-in-section-iv-54a-b-and-c/01/2520203#M239963 <P>List date in column (a), 'Cash' in column (b), and '$80,000' in column (c).&nbsp;</P> <P>&nbsp;</P> <P>IRS <A href="https://www.irs.gov/pub/irs-pdf/i3520.pdf" target="_blank">2021 Instructions for Form 3520</A></P> Fri, 25 Feb 2022 01:12:24 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-am-filling-form-3520-what-i-should-right-in-section-iv-54a-b-and-c/01/2520203#M239963 FangxiaL 2022-02-25T01:12:24Z Re: I am filling form 3520, What I should right in Section IV 54a,b,and c? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-am-filling-form-3520-what-i-should-right-in-section-iv-54a-b-and-c/01/2549403#M242957 <P>Thank you!</P><P>&nbsp;</P><P>What about Box b Taxpayer identification number (TIN) &amp; Spouse’s TIN?&nbsp;<BR /><BR />Is it my SSN and Wife SSN?</P> Sat, 05 Mar 2022 14:01:31 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-am-filling-form-3520-what-i-should-right-in-section-iv-54a-b-and-c/01/2549403#M242957 Ashrafmoh 2022-03-05T14:01:31Z Re: I am filling form 3520, What I should right in Section IV 54a,b,and c? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-am-filling-form-3520-what-i-should-right-in-section-iv-54a-b-and-c/01/2549688#M242989 <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Yes, you should use both your SSN as the "TIN" for that entry.</SPAN></SPAN></P> Sat, 05 Mar 2022 15:49:31 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-am-filling-form-3520-what-i-should-right-in-section-iv-54a-b-and-c/01/2549688#M242989 AliciaP1 2022-03-05T15:49:31Z Re: I am filling form 3520, What I should right in Section IV 54a,b,and c? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-am-filling-form-3520-what-i-should-right-in-section-iv-54a-b-and-c/01/2549760#M242998 <P>What about the spouse? My SSN OR HER SSN?</P> Sat, 05 Mar 2022 16:08:03 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-am-filling-form-3520-what-i-should-right-in-section-iv-54a-b-and-c/01/2549760#M242998 Ashrafmoh 2022-03-05T16:08:03Z Re: I am filling form 3520, What I should right in Section IV 54a,b,and c? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-am-filling-form-3520-what-i-should-right-in-section-iv-54a-b-and-c/01/2549810#M243006 <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">For the taxpayer enter the first SSN on your return - so you if you started your return with your information first.&nbsp; Then the spouse SSN is the other person - your wife if she is entered as the second person on the return.</SPAN></SPAN></P> Sat, 05 Mar 2022 16:21:26 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-am-filling-form-3520-what-i-should-right-in-section-iv-54a-b-and-c/01/2549810#M243006 AliciaP1 2022-03-05T16:21:26Z