Filing instruction for Form 3520

Forum|Forum|4 years ago
January 23, 2022
2 replies
10 views

I believe Turbo Tax doesn't support form 3520. I have received cash gift from blood relative over $100000 and therefore have to file 3520. I have gone through previous posts and it's not clear if Income Tax return [IT return] can be filed separately from 3520. I want to know how to file tax return prepared via Turbo Tax, meaning can I Efile tax return using Turbo tax and mail 3520 separately? or do I need to print and mail both IT return and 3520 together ?

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DoninGA

Level 15

The From 3520 is sent separate from the personal tax return, Form 1040.

Send Form 3520 to the following address.
Internal Revenue Service Center
P.O. Box 409101
Ogden, UT 84409

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

Opus 17

Level 15

Turbotax does not support this form.

It is filed separately from your tax return, although it has the same deadline (April 18, 2022 for 2021 gifts). You do not have to wait for the end of the year to file it, it can be filed any time after the gift is received.