Do I need to file form 3520 if I have a foreign account(my home country) with foreign trusts(another country)?

[KarenJ · Accepted solution]

You may very well need to file the Form 3520, AnnualReturn ToReport Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts.

Please find more information for Form 3520 here...https://www.irs.gov/instructions/i3520   (instructions)

Please find more information on Form 3520 here... https://www.irs.gov/pub/irs-pdf/f3520.pdf  (form)

TurboTax does not support Form 3520.