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Level 1
Nov 5, 2023 12:39 PM UTC
Solved

Form 3520 filing threshold

I have read there's a 100k filing threshold for form 3520 if coming from foreign person during tax year. I am now thinking of splitting my gift into 90k in December and 90k in January. Am I still required to file 3520? Or I just file it to avoid potential headache.

    Bsch4477Answer
    Level 15
    Nov 5, 2023 3:32 PM UTC

    Either option is open to you. 

    1 reply

    Bsch4477Level 15Answer
    Level 15
    Nov 5, 2023 3:32 PM UTC

    Either option is open to you.