Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
glennwood
New Member

Does Turbo Tax provide form 3520 and help to get it filled out?

I received an inheritance of 10,000 from an estate in France.
1 Reply
CiaraM
New Member

Does Turbo Tax provide form 3520 and help to get it filled out?

Was your grandmother a foreign person and was the amount of the gift over $100,000?  A Form 3520 is not supported by TurboTax.  The form is an informational form only and the amount of the gift received is not reported on your federal tax return.

IRS Form 3520 - https://www.irs.gov/pub/irs-pdf/f3520.pdf

IRS Form 3520 instructions - https://www.irs.gov/pub/irs-pdf/i3520.pdf

Dynamic AdsDynamic Ads
Privacy Settings
v