Do I need to report a foreign gift?
Foreign gifts over $100,000 from non-resident aliens must be reported on Form 3520. Learn the thresholds, penalties for non-filing, and what counts as a gift.
You must report foreign gifts on Form 3520 if you receive more than $100,000 in aggregate from non-resident aliens or foreign estates during the tax year. Gifts from foreign corporations or partnerships have a lower threshold that is indexed annually, approximately $18,500 for 2026. The gift itself is not taxable income to you, but failure to file Form 3520 can trigger penalties of 5% per month up to 25% of the gift amount. Bequests and inheritances from foreign estates are reported on the same form. You must file by the due date of your income tax return, including extensions.