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Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15180
Experience:  15years with H & R Block. Divisional leader, Instructor
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How much information needs to be included on line 54 (Part

Customer Question

How much information needs to be included on line 54 (Part !V) of Form 3520 regarding the foreign national making the gift. Is the amount of the transfer adequate.
Submitted: 1 year ago.
Category: Tax
Expert:  Robin D. replied 1 year ago.
HelloThe amount is required for Part IV line 54 but the description and the date are also required.Line 55 is not needed (this where the name and address go) if not from a foreign corporation or a foreign partnership.Line 54 just needs the cols a-c.You are required to click a positive rating if I am to be credited with the response.You have to actively click on a rating and click submit. Smiley Faces or Stars.
Expert:  Robin D. replied 1 year ago.
Checking t see if you responded