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anitadeu
Returning Member

Final 3520?

I have filed a 3520 for the last 5 years (while the money was deposited overseas) This year I brought it by wire transfer to the US.

I do not understand how to file this (the last year) 3520 and what numbers to check. I have only done part IV every year I filed but this being the last year the money was overseas, I am not sure what do I need to include. BTW. This was gifted money from my brother before he died.

Thanks

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1 Reply
BrittanyS
Employee Tax Expert

Final 3520?

Can you clarify if you received money by gift  every year for the last 5 years and this is the last year you will receive it?  The link below is information provided by TurboTax on the form 3520:

 

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