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    guscusi's Avatar
    guscusi Posts: 65, Reputation: 1
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    #1

    Nov 25, 2013, 05:33 PM
    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?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Nov 25, 2013, 09:53 PM
    You have it right.
    guscusi's Avatar
    guscusi Posts: 65, Reputation: 1
    Junior Member
    		  
    #3

    Nov 26, 2013, 10:48 AM
    Quote Originally Posted by AtlantaTaxExpert View Post
    You have it right.
    Thanks!
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

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