pk
Level 15
Level 15

Get your taxes done using TurboTax

@Kiki , I am so sorry for your loss.

1. you are filing 3520 to declare having received gift/inheritance from a foreign person with a net value of equal or more that US$100,000.  There is NO tax consequence on this. You need to report the total amounts for each source -- in your case it is total on one line ( assuming that this is all from the same source / person/trust/estate ).

2. Keep a record of all the foreign wire transmittals

3. If the monies were passing through a foreign account over which you had signatory authority  then you also need to file FBAR form ( FINCEN.gov form 114 )

 

Is there more I can do for you ?