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Foreign Inherited property shared with US and non-US siblings Form 3520 needed?
My mother died in 2023 leaving no will. My siblings and I became automatic recipients of her rental property.
All of the 4 siblings gifted their share of the property to me. 2 of them are US citizens and 2 are non-US.
The FMV of the property is $164K. Individually we have ~$32K share. As I am receiving $64K worth share from 2 US citizens and $64K share from 2 non-US citizens do I need to report this on Form 3520?
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‎April 11, 2024
9:06 AM