My mother sold a property worth $25,000, and that money was deposited into one of my accounts in a Spanish-speaking country. I transferred the money via crypto, using Binance, and sent it to Robinhood here in the United States, then transferred it to my Bank of America account. We haven't paid taxes on the sale of the property in the Spanish-speaking country yet, but we still have time to do so. My question is: If I pay taxes on that money in the country where it was deposited, do I still need to report to the IRS that the money entered one of my accounts abroad? Additionally, do I have to pay taxes on that money here in the United States?
I want to clarify that my mother is a permanent resident and lives in the United States. The money obtained from the sale of that property is a gift/inheritance for me.
