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February 5, 2024
Question

Need help on filing form 3520

  • February 5, 2024
  • 1 reply
  • 0 views

Hello,

 

I am filing form 3520 because I received more than $100,000 from my mom in foreign country. My question is do I need to fill out my mom information in lines 2a to 2h. If not, do I even need my mom's information on form 3520?

 

Thank you!

 

 

 

1 reply

DaveF1006
February 5, 2024

No, you do not need to put your mom's information in.  That part that you illustrate is only if the distribution is made from a foreign trust.

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