RESP VS. 3520 & 3520A

[kerry]

I purchased RESP for my daughter when she was 1 & 2 when all of us were in canada ( year 1999 & 2000) as a citizens. Later in end of year 2000, we moved from canada to us and get the green cards for all of family members. After I visit this group, I learn that I might need to file form 3520 & 3520A. I hear that there is 5 years rules, the last time I deposit is 5 years ago, then, it won't treat as foreign trust anymore, if that is ture ?
my questions are
1) this is back to 11 years ago, and when I first establish this RRSP for my kid, we are all Canada citizen without any connection with USA. one of the reason is when this " foreign trust" . Do I still have to file 3520 or 3520A
2) in fact, the FMV of RESP is below the my initial investment. in the pass 10 years never send me any dividend or interest ( even if Ihave US address). Lately, I received one 1099 Div with $5, but two weeks later, I receive another correction with $0, I do not know what's happening ? If in the future, there is a dividend or interest, do I report into 1040 Div/ Int or 3520 & 3520A
3) if inside of RESP has no income generate, should I still report both forms every year ?
thank you

[nelsona]

There is no 5 year rule.

RESP is alwaysa trust and s foreign and requires reporting.

The internal income goes on 1040.

[kerry]

thank you. For Form 3520 is declare the ownership of this RESP, right ?
Form 3520-A is if RESP generate any income inside of RESP, right ?