Similar questions have been asked before, but in this case there is a little caveat that I need help with.
I am a US citizen. Last year I received cash inheritance from deceased parents in China (who were not US citizens). The inheritance was managed by my sibling and based on whatever financial laws China have, he wasn't allowed to directly wire the money into my US bank account. Instead, I had to go to China, open an account in a Chinese bank under my name, have him transfer my share of the inheritance into that account, and then wire it into my US bank account.
I understand that TurboTax doesn't file FBAR or F3520 because inheritance isn't taxed. What I would like to find out is how to declare it to the IRS. On the surface it seems that it should be declared as a gift on F3520, but I had to open a foreign account briefly in order to wire the money to the US, so does this mean that I should also fill out FBAR even though the account was only opened for the purpose of wire transfer and now has no deposit in it?
