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[quote=Anonymous]OP here. On the 3520 form, it is category #4: You are a U.S. person who, during the current tax year, received either: More than $100,000 from a nonresident alien individual or a foreign estate (including foreign persons related to that nonresident alien individual or foreign estate) that you treated as gifts or bequests; It was a gift from a sibling (who is not a US citizen and does not live in the US) from proceeds of land that he sold. I went to 2 different CPAs prior to deciding to use the 3520 to make sure that it can be reported that way. I have another sibling who received the same but submitted the form on the correct deadline. The question that the 2 CPAs asked me was: did you receive money or did you receive land? I received money. If I received land, then the 3520 would not have been the right form to use. [/quote]
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