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Employee
June 1, 2019
Solved

Do i file Form 3520 for receiving exact amount of $100,000 from a non-US person?

  • June 1, 2019
  • 1 reply
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Received an exact amount of $100000 gift from my son ( a check), a non-US person in 2018. Wondering if I need to file Form 3520. I have filed my tax return for 2018.

    Best answer by Zbucklyo

    The instructions for Form 3520 indicate that if you receive a gift of more than $100,000 by a foreign person you should file the form. 

    1 reply

    ZbucklyoAnswer
    Employee
    June 1, 2019

    The instructions for Form 3520 indicate that if you receive a gift of more than $100,000 by a foreign person you should file the form.