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Returning Member
posted Oct 9, 2024 5:51:16 PM

Will Turbotax ask me if I am filing form 3520?

If I am filing form 3520, is there a section on Turbotax that asks me if I will be sending form 3520? If so, where? I got to the e-file part without being asked about this, but I've seen others post a screen shot on Turbotax that asks how many 3520 forms they will be sending, so I was wondering if i did anything wrong.

I am using Turbotax Deluxe.

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2 Replies
Level 11
Oct 9, 2024 7:08:37 PM

Don't think Turbotax even has that form. It's for reporting foreign gifts and transactions with foreign trusts.

Employee Tax Expert
Oct 15, 2024 6:07:55 AM

Form 3520 isn't filed with your tax return and isn't supported in TurboTax. However, you may find our Blog titled, Form 3520: Reporting Gifts and Inheritances from Foreign Countries, helpful.