Parents sold house overseas - supposed to get about $70000 from the proceed - how do I enter that in my taxes next year and how much do I have to pay on this amount?

[Hal_Al · Accepted solution]

The $70,000 is a gift to you and not taxable or reportable on your tax return.

No other reporting is required since the amount is less than $100,000. See https://www.irs.gov/businesses/gifts-from-foreign-person

[izzy44]

But I m not a us citizen/resident - I m a green card holder - which if I read it right on your link , I need to claim the money?

[Hal_Al]

You do not claim it on your income tax forms. It's not "income".
There may be other money transfer  reporting requirements that this forum may not be the best place for any answer.