I am a US citizen I inherited a property 30 yrs ago from my mother in Colombia. I have never rented it, lived in it for 18 yrs until my return to US in 2002. Will be selling it for US $135,000 . I will be buying a rental in the US with most of this . I own one property in Florida since 2004 where I live. Do I need to pay taxes to the IRS on this money ?
Thanks,
Carmen