roger2
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 1
		
	
				
		
	
		
			
    
	
		
		
		12-16-2019
	
		
		12:33 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
			- Mark as New
 - Bookmark
 - Subscribe
 - Permalink
 - Report Inappropriate Content
 
Can I generate and file Form 3520 using Intuit ProConnect?  I need to complete this for an individual that received a gift of cash, >$100k US, from their parent who is not a US person/resident.  This gift is held in a foreign bank account, and that account will be disclosed on the FBAR.
Best Answer Click here
		
			
				
						
							Labels
						
						
		
	
					
			
		
	
	
	
	
				
		
			
		
			
					
			
		
				
		
	
	
			
		
			
	
	
			
				
		
		
			itonewbie
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 15
		
	
				
		
	
		
			
    
	
		
		
		12-16-2019
	
		
		12:33 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
			- Mark as New
 - Bookmark
 - Subscribe
 - Permalink
 - Report Inappropriate Content
 
No, F.3520 is not supported by PTO.
If your client lives in the US, F.8938 would also be required.
	---------------------------------------------------------------------------------
Still an AllStar
			
			
				
			
			
				
			
			
			
			
			
		Still an AllStar
			
		
			
	
	
			
				
		
		
			roger2
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 1
		
	
				
		
	
		
			
    
	
		
		
		12-16-2019
	
		
		12:33 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
			- Mark as New
 - Bookmark
 - Subscribe
 - Permalink
 - Report Inappropriate Content
 
			
				
					
					
						Thank you for your help.
					
				
			
			
				
			
			
				
			
			
			
			
			
			
		
		
		
	
	
	
			
		
			
	
	
			
				
		
		
			itonewbie
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 15
		
	
				
		
	
		
			
    
	
		
		
		12-16-2019
	
		
		12:33 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
			- Mark as New
 - Bookmark
 - Subscribe
 - Permalink
 - Report Inappropriate Content
 
			
				
					
					
						Glad to be of help.
					
				
			
			
				
		
		
	
	
	
	---------------------------------------------------------------------------------
Still an AllStar
			
			
				
			
			
			
			
			
			
		Still an AllStar
			
		
			
	
	
			
				
		
		
			Anonymous
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Not applicable
		
	
				
		
	
		
			
    
	
		
		
		01-26-2020
	
		
		06:34 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
			- Mark as New
 - Bookmark
 - Subscribe
 - Permalink
 - Report Inappropriate Content
 
Then how do we report this on PTO?
			
		
			
	
	
			
				
		
		
			itonewbie
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 15
		
	
				
		
	
		
			
    
	
		
		
		01-26-2020
	
		
		06:59 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
			- Mark as New
 - Bookmark
 - Subscribe
 - Permalink
 - Report Inappropriate Content
 
You can't. You will need to prepare that outside of PTO.
	---------------------------------------------------------------------------------
Still an AllStar
			
			
				
			
			
			
			
			
			
		Still an AllStar
			Level 15
		
	
				
		
	
		
			
    
	
		
		
		01-26-2020
	
		
		07:00 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
			- Mark as New
 - Bookmark
 - Subscribe
 - Permalink
 - Report Inappropriate Content
 
I had to do one of these multiple years ago, I believe the 3520 is mailed in separate from the tax return, so you can get the form from anywhere and fill it out.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪