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Level 3
posted Mar 30, 2025 2:16:16 PM

Form 3250, line 24, differences between property received (col c) vs property transferred (col e) ?

  1. Can anyone explain to me the differences are?

  2. I understand col c means: from unit trust to us person, what about col e?

 

0 3 691
3 Replies
Expert Alumni
Apr 8, 2025 7:48:32 AM

Please clarify what form you are using for this entry. Many forms have a line 24.

Level 3
Apr 8, 2025 9:07:25 PM

Thanks, i've updated the title, it is form 3520

Expert Alumni
Apr 18, 2025 7:25:06 AM

Property received is property sent from the foreign trust and received by you.  Property transferred is property sent from you to the foreign trust.  Column e is asking for the FMV (fair market value) of the property transferred from you to the trust in column d.

 

@craftindo