turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

RMI
Returning Member

Form 3520 Foreign Inheritance

My wife and I both inherited cash from foreign individuals (different people). I received $90k and my wife received $60k. Individually we are below the $100k reporting threshold. Do we still need to file Form 3520? Thanks.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Form 3520 Foreign Inheritance

Since you did not individually receive over $100,000 from a foreign individual, a Form 3520 is not required for either of you.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question