asked

I am filing tax jointly with my husband. In 2020, we both received cash from relatives outside the USA. My husband's total amount does not exceed $100,000. Does he need to file Form 3520? If he needs to file, should we file in one form, or do we need to file separately? Also, if my husband received a money transfer from a US friend with $30,000, does he need to file Form 3520?

May 2nd, 2023

Sign Up to View Answers

Create an account to view answers and interact with the community!