Solved
Should I also file 3520?
We both received gift of 75K each in foreign accounts from parents residing outside of the US.
We completed 8938 along with tax return (i.e. Provided detailed information regarding bank accounts).
As a couple we are crossing limit of 100k in gifts, so thinking of filing 3520 form as well. This is being done as a extra caution
Is there any harm in providing redundant information in these two forms? Also, we didn't mention that we plan to file 3520 in original tax return, do we need to amend?
TIA!
