topic Re: Inheritance from a non-US citizen in Get your taxes done using TurboTax

Inheritance from a non-US citizen

Teddy Ho — Tue, 24 Feb 2026 08:16:06 GMT

My grandfather recently passed away, and I have inherited more than100,000 dollars. The money will be transferred to an overseas bank account, and which I plan to transfer it back to the US. what are the precautions to take regarding this matter? Does Form 3520 apply in this situation?

I am also currently residing in the state of Nebraska, does the inheritance tax apply?

Re: Inheritance from a non-US citizen

Anonymous_ — Wed, 27 Dec 2023 01:25:30 GMT

I'll page @pk

The Nebraska inheritance tax would not be applicable in this instance unless your grandfather owned real estate in that state or lived there when he passed away (which is clearly not the case).

Re: Inheritance from a non-US citizen

pk — Wed, 27 Dec 2023 02:30:17 GMT

@Teddy Ho , US generally does not have an inheritance law -- it accomplishes something similar through Gift/Estate tax.

As mentioned by @Anonymous_ , since the decedent was not a US person and the assets in his estate were not US based, the US Estate tax laws do not apply ( I am assuming here that he was never a US person -- a visitor or otherwise long enough present in the US to qualify for SPT -- a Resident for Tax purposes(.

Therefore , you as a US person ( citizen / GreenCard / Resident for Tax purposes ) at the time of bequeathal need only recognize the inheritance by filing a form 3520 ( Please look at the instructions for the form 3520 and address to where this must be sent -- it does not have to go with your return for the tax year ).

Another point to note is that if the monies ( >US$10,000 at any time in the tax year ) rests in a foreign bank account that you own or have signature authority over, you come under the rules of FBAR ( form 114 at www.FinCen.gov and only on-line filing ) and FATCA ( form 8938 along with your tax return for the year ).

Does this help ? Is there more I can do for you ?

Please accept my heartfelt sorrow at your loss

Re: Inheritance from a non-US citizen

Teddy Ho — Wed, 27 Dec 2023 02:40:51 GMT

Thanks for your condolences and prompt response.

You've been very helpful, thank you.