Thanks for the reply.One clarification because it makes a difference due to different exchange rates for different years.You gave 80 FMV (this is local currency...
@MaryK4The tax concern is only for US and it will be a simple capital gains calculation on inheritance foran individual.Original building was torn down, new apa...
MaryK4, thank you very much for the quick answer.I was confused by IRS docs(and web info) seeing some instances of reporting every year.I have another question ...