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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.


Ex-AllStar
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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