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twil657
Returning Member

Does TurboTax ask questions about large foreign gifts and instruct a person to fill out 3520 elsewhere? If a person followed the interview would this question come up?

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3 Replies
M-MTax
Level 10

Does TurboTax ask questions about large foreign gifts and instruct a person to fill out 3520 elsewhere? If a person followed the interview would this question come up?

Doesn't look like Turbotax has that form..........https://turbotax.intuit.com/personal-taxes/irs-forms/

Does TurboTax ask questions about large foreign gifts and instruct a person to fill out 3520 elsewhere? If a person followed the interview would this question come up?

The TurboTax  INCOME TAX program doesn't handle or cover GIFT TAX  forms in anyway so it is not part of the interview and neither are the forms.   The fact that this is not covered in the TT program is not really a reason you failed to file the proper gift tax forms.  

twil657
Returning Member

Does TurboTax ask questions about large foreign gifts and instruct a person to fill out 3520 elsewhere? If a person followed the interview would this question come up?

The form 3520 is not gift tax it's an informational filing you file along (usually) with the 1040. Generally TurboTax will ask questions and indicate you may be required to file xyz form but we don't have that form. I knows it's still taxpayers responsibility

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