@lameri In order to file a form 706 the decedent must be a US citizen with an estate valued at more than 11.7 million dollars US. No one needs to file an estate tax return for the situation you're in. In the situation that you're in it doesn't matter here in the US whether the two individuals you are dealing with inherit land or cash as far as their US tax situation goes. It depends on the laws of the country where they're dealing with this and I don't know which country it is or their laws and other countries tax situations are beyond the scope of this forum anyway.
@2001rg The 3520 is filed to report property received from a foreign individual after it is received and controlled by the individual. The date of death of the decedent has no bearing on the filing.
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