You don't have to report the inheritances on your personal income tax return, because they are not taxable. Instead, make sure that you have an accurate valuation of these properties as of the date of death of the decedent, because that is considered to be your cost basis in an inherited property for when you sell it.
If your property acquisition tax is a transfer tax paid to register the property in you name, it would be added to your cost basis in the property. You wouldn't take a deduction for it in the year that you pay it.
As SuperUsermaglib has indicated, some states have an inheritance tax, and you may have to file an inheritance tax return with your state.
See the answer below, along with the links provided. Form 3520 is not supported by TurboTax. It is an information return to report transsactions With Foreign Trusts and Receipt of Certain Foreign Gifts.
[Edit 03/05/18, 3:53 PM]
https://ttlc.intuit.com/replies/5725199
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