Wonderful, PK. Thank you. A question. You wrote:
( B ) Because this is a inheritance / gifts case from a foreign person / estate/ trust , you also have to report the bequeathal on form 3520 ( assuming g that the cash you were bequeathed is equal or more than US$100,000 -- this is only an informational reporting with no tax consequences.
Is it only cash that counts? The cash was less that $100K but the real estate doesn't count?
Mark
