Hello,
I am a citizen and resident of the US and live in California. My father, who was a citizen and resident of a foreign country, passed away in 2022, and a part of my inheritance which was a real estate property finally got sold in 2023 and I received my portion of the inheritance (over $100,000) thru wire transfers by my sibling to my bank account in the US. There are more properties in the inheritance that are not sold yet, but they may be sold in the future and divided among the beneficiaries.
I have read the form 3520 instructions and have reviewed most of the related questions regarding form 3520 posted by the Turbotax Community already. Please let me know if below is the correct way to fill out form 3520:
My 2nd question is about whether the state of California has a similar tax form, or other requirements for reporting inheritance, and whether it would be taxable by the state.
I know this is a long list, and I appreciate your time and effort.
Thank you!
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