@someone191 , I generally agree with all that @timkug has said except for the last paragraph ----- you will be taxed on all gain when you dispose off the inherited real estate. The $100,000 reporting on form 3520 is for receiving gifts and/or inheritances/bequeathals equal /or greater than 100,000. It has nothing to do with proceeds of sale of inherited real estate.
Does that make sense ? Is there more one of us can do for you ?
pk
