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Get your taxes done using TurboTax
Yes, if the real estate is valued at $100,000 or more (or the real estate plus other inherited assets is over $100,000), you should list those assets on the form.
If you have an appraisal, list the value from that plus a brief description that makes sense to you ("home in City, Province, Country" is fine). If you don't have an appraisal then your best estimate is fine. If in doubt, over estimate - you won't pay tax on this amount as this form is just for informational purposes.
@Shogun159
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March 4, 2024
6:11 PM