Question

How do I include the gift amount declared on Form 3520 in my 1040 tax return? can I just send the form 3520 by mail and file my 1040 tax return electronically?

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You do not need to include the gift amount as income in your 1040 tax return. You will need to mail in Form 3520 and your 1040 together.

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Thank you Dave. Can I file my tax return (1040) electronically and send form 3520 by mail?

No. These would need to be mailed together. This is an IRS requirement.

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