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New Member
posted Jun 4, 2019 5:34:15 PM

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

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1 Best answer
Intuit Alumni
Jun 4, 2019 5:34:17 PM

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.

1 Replies
Intuit Alumni
Jun 4, 2019 5:34:17 PM

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.