topic Would a couple filing jointly need to file form 3520 if each of them receive a 100k gift each? in Deductions & credits

Would a couple filing jointly need to file form 3520 if each of them receive a 100k gift each?

angela3017 — Tue, 24 Feb 2026 08:10:19 GMT

Would a couple filing jointly need to file form 3520 if each of them receive a 100k gift each?

Re: Would a couple filing jointly need to file form 3520 if each of them receive a 100k gift each?

Bsch4477 — Sun, 05 Nov 2023 01:43:13 GMT

Read the instructions for that form to determine whether you must report the gifts. The instructions include this statement:

Joint Returns

If you and your spouse are filing a joint income tax return for tax year 2022, and you are both transferors, grantors, or beneficiaries of the same foreign trust, then you may file a joint Form 3520. If you and your spouse are filing a joint Form 3520, check the box on line 1i on page 1.

https://www.irs.gov/instructions/i3520#en_US_2022_publink1000190314

Re: Would a couple filing jointly need to file form 3520 if each of them receive a 100k gift each?

pk — Sun, 05 Nov 2023 18:28:36 GMT

@angela3017 , agreeing with @Bsch4477 , just wanted to add the proviso that this joint filing ( on one 3520 ) is applicable if , and only if, the amounts come from the same estate / trust or related entities.