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Gifts (including inheritances) are not subject to federal income. "income does not include the value of property acquired by gift, bequest, devise, or inheritance." tax. https://www.law.cornell.edu/uscode/text/26/102
However, if the gift/inheritance is large enough and came from a "foreign person" (i.e. not a US Citizen or resident and sometimes expatriates) you may need to report the gift on special IRS form. More info is here:
https://www.irs.gov/businesses/gifts-from-foreign-person
Sorry I went too fast. See this prior discussion that covers your situation
The 3520 form (and the FBAR/FinCen114) are not included in TT. You need to file them separately. The FBAR can be done online as described in this thread.
Both have amounts below which you do not need to file.
https://ttlc.intuit.com/community/taxes/discussion/form-3520/00/3180114
No.
You don't report your foreign inheritance on your US tax return. Any income derived from the inheritance must be reported.
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johntheretiree
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