I inherited a property (land) abroad in 2022 after my mother died, and the FMV of the land exceeds the threshold. So, I need to file the form 3520.
I understand that making mistakes in this form could result in penalty. So, would it be better/safer to ask an experienced CPA to do this form?
Do you know anyone who had to pay the fine?
Question about "Part IV, (b) Description of property received":
>> Would it be enough to write something like this? Do I need to attach something to prove?
Inherited a land with my brother in country xxx, with registered address of xxx, zoned for residential.
The land size is 200 square meters, and I own half of it, which is 100 square meters.
Thank you!
