Do i file Form 3520 for receiving exact amount of $100,000 from a non-US person?
Received an exact amount of $100000 gift from my son ( a check), a non-US person in 2018. Wondering if I need to file Form 3520. I have filed my tax return for 2018.
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1 Best answer
Zbucklyo
Level 9
Jun 1, 2019 1:39:06 PM
The instructions for Form 3520 indicate that if you receive a gift of more than $100,000 by a foreign person you should file the form.
1 Replies
Zbucklyo
Level 9
Jun 1, 2019 1:39:06 PM
The instructions for Form 3520 indicate that if you receive a gift of more than $100,000 by a foreign person you should file the form.