I am filling form 3520, What I should right in Section IV 54a,b,and c?

[Ashrafmoh]

I received $350K from my father in 2021 to pay off my house, he used to send $80K per 3 months. what I should list in 54a, b, c?

Is it like the
         A                                 B                                                                 C
02/20/2021                  $80000                                            FMV of property received?????

05/20/2021                  $80000                                            FMV of property received?????
08/20/2021                  $80000                                            FMV of property received?????
[removed]                  $80000                                            FMV of property received?????

[FangxiaL · Accepted solution]

List date in column (a), 'Cash' in column (b), and '$80,000' in column (c). 

IRS 2021 Instructions for Form 3520

[Ashrafmoh]

Thank you!

What about Box b Taxpayer identification number (TIN) & Spouse’s TIN? 

Is it my SSN and Wife SSN?

[AliciaP1]

Yes, you should use both your SSN as the "TIN" for that entry.

[Ashrafmoh]

What about the spouse? My SSN OR HER SSN?

[AliciaP1]

For the taxpayer enter the first SSN on your return - so you if you started your return with your information first.  Then the spouse SSN is the other person - your wife if she is entered as the second person on the return.