Skip to main content
April 10, 2024
Solved

I sold a condominium that I got from my mother as a gift in a foreign country. In what section of a turbo tax do I have to report this income?

  • April 10, 2024
  • 1 reply
  • 0 views
No text available
Best answer by DaveF1006

You need to complete form 3520 and complete parts 1 and 1V of the form. Turbo Tax does not support the filing of this form but you will need to fill it out and attach it to your tax return.

 

Once filled out, your return would need to be printed and mailed according to the mailing instructions Turbo Tax will provide. Download a copy of form 3520 here to complete.

1 reply

DaveF1006
DaveF1006Answer
April 10, 2024

You need to complete form 3520 and complete parts 1 and 1V of the form. Turbo Tax does not support the filing of this form but you will need to fill it out and attach it to your tax return.

 

Once filled out, your return would need to be printed and mailed according to the mailing instructions Turbo Tax will provide. Download a copy of form 3520 here to complete.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
April 10, 2024

Thank you. And no matter what was the selling amount?