Paid Mortgage for My Wife After I Received an Inheritance

[tpgrogan]

Hello,

I am worried I have additional filing requirements based on a foreign inheritance and the down payment I made toward my wife's house while I lived in Australia. 

July 2024 I received above 100K USD as an inheritance from a deceased relative. I believe I will need to file a form 3520 in order to be compliant for this transaction. Then in September 2024 I wired the majority of the inheritance into my wife's title company from my US bank for the a down payment on a house in her name. The title company made me fill out a form that the money wired was a gift. All of the while I was living and working in Australia. 

Am I liable for a gift tax return (I worry because the title company made me file the gift form) on the money paid to the mortgage account even though we are married, and the home is completely in her name? Does my green card have an effect on any of the reporting requirements?

Thank you

[DaveF1006]

Yes, you will need to file a 3520 for the inheritance received from a foreign source. No, you do not need to file a Gift Tax return for a gift to a spouse according to the 2024 instructions for form 709.