Question
form 3520 gift * form 8939 foreign financial asset
I got a check of 200,000 Euro from my mother last time I went to Europe, as gift.
I have opened a checking account in Europe and deposited 185,000 Euro and spent 15,000 in leisure.
I have to file form 8938 showing the financial asset (foreign bank account 185,000) and also file form 3520 showing the gift (200,000) that I received.
The question is on form 3520 Do I have to check the box C (check if any excepted specified foreign financial assets are reported on this form)
