pk
Level 15
Level 15

Get your taxes done using TurboTax

@oboero2 , I understand the conundrum you are in. My suggestion  would be the following :

(a) since you are beneficial  owner  ( even if there is no will  ), it would be legally correct  for you to file  an FBAR using your parent's bank account number -- while this is not required  but it is in the spirit of the  FBAR requirement.  I say also because , no matter which path you follow, the transfer in  of the amount to your US bank will raise an SAR ( Suspicious  Activity Report  ) and then generally nothing happens to it.  This way in case of query, you are covered .  It is not a tax  even.

 

 You al.so said  " in my house in Japan " -- does that mean the house  of your demised parent or your own house  in  Japan ?   Because when you sell that ( if and when ), you  may need to pay capital taxes to USA.

 

Have I answered your query  ( perhaps in a round about way )?

Is there more I can do for you ?

 

pk