Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   Gift from foreign person (https://www.askmehelpdesk.com/showthread.php?t=776605)

  • Nov 25, 2013, 05:33 PM
    guscusi
    Gift from foreign person
    I am about to receive a wire transfer from Argentina of around 500,000, which is a gift from my father, funds which I will later invest. I believe I must simply file F3520 with the IRS, since my father is not a US citizen or resident and this is a gift. Am I missing something?
  • Nov 25, 2013, 09:53 PM
    AtlantaTaxExpert
    You have it right.
  • Nov 26, 2013, 10:48 AM
    guscusi
    Quote:

    Originally Posted by AtlantaTaxExpert View Post
    You have it right.

    Thanks!
  • Nov 26, 2013, 11:15 AM
    AtlantaTaxExpert
    Glad to help!

  • All times are GMT -7. The time now is 11:40 AM.