My sister-in-law inherited a house form her parent in Iran. Her parent was an Iranian and not a resident or citizen of United States. She is American citizen. She paid the inheritance tax in Iran, sold the house and brought the proceeds To United States. She is wondering whether that 1,000,000 exclusion for inheritance tax will apply to her. If not how is going to report the sale proceeds in her tax return?
- posted
14 years ago