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Form 3520 foreign bequest

Hi..filling in forms 3520....us greencard beneficiary of fathers uk will over $100,000 bequest ..greencard holder also an executor and an individual....are 2 boxes checked at top line B  for individual and Executor      and  under name of trust is this left blank  ? ...or what is entered here in a will situation   thanks R

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2 Replies
DaveF1006
Expert Alumni

Form 3520 foreign bequest

If this is an inheritance from an individual, this will be reported in part 1V in the 3520. You do not need to name a trust or the individual you are receiving this inheritance from unless this was placed in a trust.

 

Yes, you will select that are an individual and the executor of the will. See the instructions for form 3520 for further details. 

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Form 3520 foreign bequest

Hello David...thank you so much for getting back on that one...I really appreciate it.....thankyou..

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