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    INHERITANCE

    CarmenLopez
    Level 3

    How do I handle an inheritance received from a foreign country

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    7 Comments 7
    ehill
    Level 4

    Foreign county should not make any difference.  What are you needing to report?

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    sjrcpa
    Level 15

    Form 3520

    Possible FBAR and Form 8938.

    More foreign reporting possibilities depending on what they inherited.


    The more I know the more I don’t know.
    CarmenLopez
    Level 3

    They inherited money from the sale of their grandfather's land. in St Bethlemy

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    CarmenLopez
    Level 3

    Money

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    Norman2001
    Level 7

    Is the amount less than $100,000?

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    taxes96786
    Level 9

    I would research the subject on irs.gov

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    CarmenLopez
    Level 3

    yes  601,000

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