Hi,
My father in India passed away recently. He had 3 acres of land that he left for his family. My family in India is looking to sell as they cannot maintain it and share it between the 3 siblings. I am one of the siblings, US citizen, living here in the US.
What are the tax related things I need to think about in this scenario? How much should I budget towards taxes? Is this considered gift or inheritance? Please advise.
Thanks.
