3520 for funds temporarily held by atty for real estate purchase?

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schwaz
Posts: 21
Joined: Mon Oct 29, 2012 12:37 pm

3520 for funds temporarily held by atty for real estate purchase?

Post by schwaz »

Dual citizen here. My wife was advanced funds from her family inheritance which went directly to our Canadian attorney's trust account (no escrow in Canada!) held in her name. The duration the funds were held was approximately 33 days before purchase was completed. Is she now required to file a 3520?
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