Form 3520 “Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts” is not supported in the Lacerte Individual Income Tax program. Refer to Form 3520 instructions for the purpose of the form and who must file instructions. If the taxpayer needs to file Form 3520, it must be manually prepared, and the additional tax should be entered in this field. The amount entered is reported on the Taxes line of Schedule 2 labeled with a code of “ADT” in accordance with Form 3520 instructions.

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K

Kenneth1

Level 2

I have 2 clients who need form 3520 attached to the return. Has this been remedied and is it available on Lacerte in 2022?

itonewbie

Level 15

There is nothing to remedy.

F.3520 does not need to be attached to an income tax return. Neither does F.3520 require the attachment of an income tax return.

F.3520 is to be filed separately and I'm assuming you already have a F.3520-A.

---------------------------------------------------------------------------------Still an AllStar

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