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February 28, 2024
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FBAR reporting for foreign inheritance

  • February 28, 2024
  • 1 reply
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I received a foreign inheritance. I have a foreign bank account now with over $10,000. I also have a share in a condo. The FBAR form I saw asks only the info about the financial institutions, not real estate. Is there another form to report the real estate?

 

https://www.irs.gov/businesses/small-businesses-self-employed/report-of-foreign-bank-and-financial-accounts-fbar

Best answer by DaveF1006

No, you do not need to report your real estate on an FBAR unless it's a rental property and you earn income from it.

1 reply

DaveF1006
DaveF1006Answer
February 28, 2024

No, you do not need to report your real estate on an FBAR unless it's a rental property and you earn income from it.

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vrflashAuthor
February 29, 2024

Thank you.