I received a foreign inheritance from my late mother in the form of cash and property. Questions about the form 3520:
My mom didn't have any trust. Is an individual will considered to be a trust?
****
1. You are a U.S. owner of all or any portion of a foreign trust at any time during the tax year. Complete all applicable identifying information requested below and Part II of the form.
2. You are (a) a U.S. person (including a U.S. owner) or an executor of the estate of a U.S. person who, during the current tax year, received, directly or indirectly, a distribution from a foreign trust.
Am I number 1 or 2?
***
Address of the trust.
My late mom's address?
***
Name of U.S. decedent?
She was a foreign citizen. Leave it blank?
****
Did you receive a Foreign Grantor Trust Beneficiary Statement from the foreign trust with respect to a distribution?
Is that the will?
*****
If I say i didn't get such statement, I have to file schedule A.
********************
Number of years the trust has been a foreign trust, including the current tax year
The year when the will was written?
****
Thank you
