Do I have to pay Taxes on transferring funds from germany to the usa over 10K
Ok, so I have an account in germany that has over 10k in euros in it. I purchased my grandfathers house from my mother when my grandfather passed away. All bills have been paid and I would like to transfer the rest to my usa bank account. Now my question is if I bring the whole amount over to the us, will I have to declare it number 1? Will I, and how much taxes will I have to pay? If you know what forms I have to fill out can you point me in the right direction? Any information would be appreciated.
Thanks