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Cash gift from abroad

Is there anyway to declare that I received a cash gift from my parents who are overseas and not US citizens. I would like to declare where I got the money. I don't see an option for that in TurboTax. Please suggest. Thanks.
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Level 15

Cash gift from abroad

Gifts received from an individual are not reported on a federal tax return, regardless of the amount received.

If you received a gift from a foreign individual and the amount of the gift is greater than $100,000 then you are required to file an information Form 3520 with IRS to report the gift.

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

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Level 15

Cash gift from abroad

Gifts received from an individual are not reported on a federal tax return, regardless of the amount received.

If you received a gift from a foreign individual and the amount of the gift is greater than $100,000 then you are required to file an information Form 3520 with IRS to report the gift.

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

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