CaSha
New Member

I'm US Citizen inherited Foreign Money from Sale of Deceased Father's Property in Philippines.He was Filipino citizen. All Taxes are paid in Phil. Money still taxable?

I as US Citizen inherited Foreign Money from Sale of Deceased Father's Property in Philippines. My Father Is Not US Citizen & is not Greencard holder. Capital Gains Tax & other taxes have been paid in the Philippines. Is Foreign Inheritance Money I received still taxable in US? Thank you. Are these requirements FATCA or FBAR still applicable to me when I file my 2017 Tax return? Thank you