Form 3520, Page 4Summary: This is an example of page 4 of a current year Form 3520 showing the placement of the edited characters which will be transcribed. A {T} identifies the position of the edited character. The page begins with Part II, U.S. Owner of a Foreign Trust (see instructions) : Line 20There are five columns identified with a lower case letter. Each column has three lines. The first line is transcribed. If more than one line is present, then a multiple indicator is entered at the end of the first row, where the {T} appears. The columns with a {T} are for transcription, and they are:Column (a) Name of other foreign trust owners, if any is the title. {T}Column (b) Address is the title. {T}Column (c) Country of tax residence is the title. {T}Column (d) Identification number, if any is the title. {T}Column (e) Relevant Code section is the title. {T}Line 21There are three columns identified with a lower case letter. Each column has 1 line. The columns with a {T} are for transcription, and they are:Column (a) Country code of country where foreign trust was created is the title. {T}Column (b) Country code of country whose law governs the foreign trust is the title. {T}Column (c) Date foreign trust was created is the title. {T}Line 22Did the foreign trust file Form 3520-A for the current year? checkbox Yes, checkbox No. {T}If Yes, attach the Foreign Grantor Trust Owner Statement you received from the foreign trust.If No, to the best of your ability, complete and attach a substitute Form 3520-A for the foreign trust. See instructions for information on penalties for failing to complete and attach a substitute Form 3520-A.Line 23Enter the gross value of the portion of the foreign trust that you are treated as owning at the end of your tax year. {T}Under: Part III Distributions to a U.S. Person From a Foreign Trust During the Current Tax Year (see instructions)Line 24, Cash amounts or FMV of property received, directly or indirectly, during the current tax year, from the foreign trust (exclude loans included on line 25).There are six columns identified with a lower case letter. Each column has eight lines. The first two lines are transcribed. If more than two lines are present, then a multiple indicator is entered at the end of the third row, where the {T} appears. The columns with a {T} are for transcription, and they are:Column (a) Date of Distribution is the title. {T}Column (b) Description of property received is the title. {T}Column (c) FMV of property received determined on date of distribution is the title. {T}Column (d) Description of property transferred, if any is the title. {T}Column (e) FMV of property transferred is the title. {T}Column (f) Excess of column (c) over column (e). {T}{T} {multiple indicator}Line 25During the current tax year, did you (or a person related to you) receive a loan from a related foreign trust (including an extension of credit upon the purchase of property from the trust)? checkbox Yes, checkbox No. {T}If Yes, complete columns (a) through (g) below for each such loan. NOTE: You are considered to have received a loan if you (or a U.S. person related to you) were permitted the uncompensated use of trust property (as described in section 643(i)). See instructions for additional information, including how to complete columns (a) through (g) for such transactions.There are seven columns identified with a lower case letter. Each column has three lines. The first two lines are transcribed and each have a T present in the column identifying it for transcription. The columns are:Column (a) FMV of loan proceeds is the title. $ Only {T}Column (b) Date of original loan transaction is the title. {T}Column (c) Maximum term of repayment of obligation is the title. {T}Column (d) Interest rate of obligation is the title. {T}Column (e) Is the obligation a qualified obligation is the title. This column is divided into a Yes (on the left) and No (on the right). {T}Column (f) FMV of qualified obligation is the title. $ Only {T}Column (g) Amount treated as distribution from the trust (subtract column (f) from column (a)). {T}{T} {multiple indicator}Total {T}Line 26With respect to each obligation you reported as a qualified obligation on line 25: Do you agree to extend the period of assessment of any income or transfer tax attributable to the transaction, and any consequential income tax changes for each year that the obligation is outstanding, to a date 3 years after the maturity date of the obligation? checkbox Yes, checkbox No. {T}Line 27Total distributions received during your current tax year. Add line 24, column (f), and line 25, column (g). {T}Line 28Did the trust, at any time during the current tax year, hold an outstanding obligation of yours (or a person related to you) that you reported as a qualified obligation? checkbox Yes checkbox No {T}If Yes, complete columns (a) through (e) below for each obligation.There are five columns identified with a lower case letter. Each column has four lines. The first two lines are transcribed. If more than two lines are present, then a multiple indicator is entered at the end of the second row, where the {T} appears. The columns with a {T} are:Column (a) Date of original loan transaction is the title. {T} Column (b) Tax year qualified obligation first reported is the title. {T}Column (c) Amount of principal payments made during the your year is the title. {T}Column (d) Amount of interest payments made during your tax year is the title. {T}Column (e) Balance of the outstanding obligation at the end of the year is the title. {T}Column (f) Does the loan still meet the criteria of a qualified obligation is the title. This column is divided into a Yes (on the left) and No (on the right). {T}