Questions re Form 3520 Part IV

[Danielle105]

Received a Canadian bank estate check. Deposited in my US checking account.

1. OK to use multiple lines in part IV to enter details for one transaction?

2. For date should I entered the date the Canadian check was issued or the date my US bank foreign check collection dept completed processing and deposited to my US account?

3. Enter amount deposited to my US bank in US$ after conversion and collection fees?

4. Attach my banks foreign collection dept statement for the completed transaction?

[nelsona]

1. Why? Just determine the amount in C$, convert using the rate on the date it was issued, and if it more than US $100K enter it on 1 line.
2. See 1
3. See 1
4. No. IRS will ask for proof if they need it, as with all other IRS processes.
No need to complicate matters.

[Danielle105]

Thank you for the prompt reply.

Danielle