Thank you so much for your very valuable input. It helps a lot.
One more question.
How does this other rule relate to my situation my inheritance being about 10-15K? “you don’t have to report an inheritance on form 3520 separately if it is beneath the $100,000 threshold.”
If i do not have to report, then why would i need to report the sale of such overseas inheritance from a non US citizen which i also gift to a non-citizen. The value of my part of the house (it has multiple ownership) is probably about 15K.
Thanks so much, Ilona
