Hi pk, thank you so much for your quick response. To clarify your questions:
(a) Yes, my spouse and I are US citizens living in California and all others are none US residents in Taiwan.
(b) Yes, in Taiwan
(c) My spouse's father passed away in Nov 2009, she inherited his house with other siblings and registered as co-owners.
(d) Correct, and the property (house) was never rented out.
(e) Correct.
Based on my clarification above, if I understand your response correctly, we do NOT have to file form 3520 but we need to file FBAR (online for my spouse only), form 8939 (for my spouse only), form 8949 (joint) and schedule D (joint) for the proceeds of the sales of the inherited property. Is that correct? Please advise.
