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Level 3

Question

Form 3520 threshold

Forum|Forum|1 year ago
March 8, 2025
1 reply
5 views

Do you have to file form 3520 if you receive exact 100k? The instruction of form 3520 says you need to file if it exceeds 100k . I assume it does not include 100k exact. But I would appreciate any clarification

Level 15

You have to file the 3520 if you receive more than $100,000.

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Level 3

Thank you! So if you receive exactly 100k then you don’t need to file? I ask this because I heard someone previously answered here that you have to file even if you only receive 100k. Thanks

Level 11

Correct, you wouldn't need to file this form if you earned exactly $100,000 or less.