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Employee
March 30, 2025
Question

Form 3250, line 24, differences between property received (col c) vs property transferred (col e) ?

  • March 30, 2025
  • 1 reply
  • 0 views
  1. Can anyone explain to me the differences are?

  2. I understand col c means: from unit trust to us person, what about col e?

 

1 reply

PatriciaV
Employee
April 8, 2025

Please clarify what form you are using for this entry. Many forms have a line 24.

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craftindoAuthor
Employee
April 9, 2025

Thanks, i've updated the title, it is form 3520

April 18, 2025

Property received is property sent from the foreign trust and received by you.  Property transferred is property sent from you to the foreign trust.  Column e is asking for the FMV (fair market value) of the property transferred from you to the trust in column d.

 

@craftindo 

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