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Level 3

Question

Form 3520 threshold

Forum|Forum|1 year ago
March 8, 2025
5 replies
47 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

Alumni - Intuit

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

Alumni - Intuit

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