FBAR reporting for foreign inheritance

vrflash · ‎February 28, 2024

I received a foreign inheritance. I have a foreign bank account now with over $10,000. I also have a share in a condo. The FBAR form I saw asks only the info about the financial institutions, not real estate. Is there another form to report the real estate?

https://www.irs.gov/businesses/small-businesses-self-employed/report-of-foreign-bank-and-financial-a...

DaveF1006 · ‎February 28, 2024

No, you do not need to report your real estate on an FBAR unless it's a rental property and you earn income from it.

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DaveF1006 · ‎February 28, 2024

No, you do not need to report your real estate on an FBAR unless it's a rental property and you earn income from it.

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vrflash · ‎February 28, 2024

Thank you.

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FBAR reporting for foreign inheritance