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Level 3
March 22, 2023
Question

INHERITANCE

  • March 22, 2023
  • 3 replies
  • 25 views

How do I handle an inheritance received from a foreign country

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3 replies

Level 5
March 22, 2023

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

Level 3
March 22, 2023

Money

Level 6
March 22, 2023

Is the amount less than $100,000?

sjrcpa
Level 15
March 22, 2023

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.
Level 3
March 22, 2023

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

Level 8
March 24, 2023

I would research the subject on irs.gov