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Level 3
posted Feb 28, 2024 10:12:37 AM

FBAR reporting for foreign inheritance

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-accounts-fbar

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1 Best answer
Expert Alumni
Feb 28, 2024 11:59:35 AM

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.

2 Replies
Expert Alumni
Feb 28, 2024 11:59:35 AM

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.

Level 3
Feb 28, 2024 5:14:02 PM

Thank you.