One more question is there an inheritance tax in florida? NO
Last question if a friends father dies from abroad another country does he declares taxes if brings his inheritance to the USA? Depends on what he inherits ... if it is just cash or property then NO. If it is income producing properties, annuities, investments and the like then YES.
How about if he sells his home from abroad (another country) and he brings that money to the USA does he declares taxes on it? The sale is taxable income no matter what you do with the proceeds.
Last question how do people report taxes if they have a rental property? The rental income/expenses are filed on a Sch E as part of the form 1040.
