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posted Jun 1, 2019 10:56:05 AM

Will turbotax allow me to fill out a form 3520? I need to make sure turbotax has that capability. Thanks.

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1 Best answer
Level 15
Jun 1, 2019 10:56:05 AM

TurboTax does not support IRS Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts.  That is a separate IRS form to be filed separately from your tax return.

IRS Form 3520 - https://www.irs.gov/pub/irs-pdf/f3520.pdf

IRS Form 3520 instructions - https://www.irs.gov/pub/irs-pdf/i3520.pdf

1 Replies
Level 15
Jun 1, 2019 10:56:05 AM

TurboTax does not support IRS Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts.  That is a separate IRS form to be filed separately from your tax return.

IRS Form 3520 - https://www.irs.gov/pub/irs-pdf/f3520.pdf

IRS Form 3520 instructions - https://www.irs.gov/pub/irs-pdf/i3520.pdf