Hi - my grandmother passed away recently and she left me a small property in Europe. The property was sold few weeks ago and I need to know what would be the best way to transfer the monies into my US bank account and also what forms I need to file with the IRS. The proceeds from the sell are rather small (under 20k US dollars). I also paid about $800 in taxes for which I believe I should file Form 1116. It is also my understanding that my bank account will reports the wire transfer to the IRS so I need to know how to proceed further. Thank you!
