View Full Version : Foreign inherited property reporting requirements
 
 justwonder2
Mar 5, 2011, 01:13 PM
Hi, 
 I was wondering what are the reporting requirements for inheriting an old house that is not generating income in a foreign country? What form do I have to file? 
 
Thank you
 ebaines
Mar 7, 2011, 07:39 AM
There is no inheritance tax imposed by the US, so no form is necessary.   There may be filing requirements imposed by the country where the property is located - you will have to check with the local authorities about that.
 grouchy
Apr 5, 2011, 02:48 PM
my understanding is that you have to file form 3520 section IV if the value of the inheritance exceeds $100000. You don't have to file if it is less. Also note if you have to file it  it needs to be sent to a different address from the regular tax return the address is on the form