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Level 1
posted Nov 5, 2023 4:39:49 AM

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.

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1 Best answer
Level 15
Nov 5, 2023 7:32:03 AM

Either option is open to you. 

1 Replies
Level 15
Nov 5, 2023 7:32:03 AM

Either option is open to you.