A friend of mine married a US citizen and now is a permanent resident. Her father recently sold a house in her home country and wanted to wire the money to her, but not sure what she needed to do in terms of taxes and whatnot. I only know that if the money is more than $100k she (or her husband) needed to file a 3520 form but could not give her any more information than that. They are not even sure how much it will be after conversion because it is right around $100k and could vary depending on the exchange rate.

Could some of you experts provide more information please? Information such as how much tax will be deducted and what forms they need to claim the money if her father wires it to her will be greatly appreciated. Thanks.

Well, what country is it coming from ? Any money coming from a foreign country has to be deposited and their bank will ask who, why and what, which is normal. Who told them they needed tofile a 3520. Did they call a government tax line to find more information ? How can we say how much tax will be deducted if they don't know the amount ?

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There are too many unknowns to the OP to answer coherently.

It is not clear who owned the house.

- The money could be a gift from the father, which would make NOT taxable by the U.S.

- It could be capital gain if the friend owned the house, which IS subject to capital gains tax.

There are several other variables which are unknown.