Ok thanks this was helpful. Two follow-ups, the FBAR and FATCA would only apply to my mother who is the only one of us with a bank account in Portugal where the proceeds were deposited correct? Also, since we are 3 siblings, the inheritance law in Portugal states that spouse receives 50% and than the remaining 50% is split by the spouse and siblings. So in our case it is 50 + 12.5 + 12.5 + 12.5 + 12.5. Is 12.5 the percentage of the cost basis and sales proceeds I should declare on my tax return?
