I am a U.S. citizen. I am beneficiary in a trust property formed by my father which was sold in 2011. My father passed away in 1990. The property was in a foreign country.
Is there any inheritance tax or any other tax on the accrued value on sale of this property.

There is no inheritance tax in the US, however, there is a tax form you will have to file so the IRS knows for sure it is a gift and/or inheritance arriving in your account.



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There are indeed taxes on the profit you make in selling property at a gain. I'm not sure what you mean by a "trust property," but if you inherited this from your father in 1990 then for tax purposes your cost basis is the fair market value of the property as it was in 1990 plus the cost of any capital improvements you may have made to it over the years. If you sold it 2010 then you have a long term captal gain if the proceeds from the sale exceed your cost basis.

You may also have a tax liability in the country where the property is located. If so, you can take a credit on your US taxes for taxes paid to foreign countries, which can reduce your tax liability here.