@Cincilla I'm in a similar situation to yourself and this is how I handled it for 2023 tax year. I completed Form 3520 and MAILED it to the IRS Service Center in Ogden, UT, + attached a print-out of the Form 8938 + Foreign documentation explaining the funds were an inheritance. Gifts & Inheritance are documented in Part-IV of Form 3520. From what I can tell, Form 3520 and Form 8938 have different purposes. 3520 explains HOW you received the foreign funds, and 8938 explain WHERE the foreign funds are located. Hence there should be no overlap from the IRS's perspective. I electronically filed by Tax Forms to the IRS, including Form 8938, which was a duplicate of the 8938 I printed out and mailed to the IRS in Ogden, UT. Don't forget you also have to complete FBAR FinCEN Form 114 for the U.S. Treasury Department (separate from the IRS). Both my Federal & State income tax returns have been accepted, so I must have done something right. Good luck! TAD-SAT.
