Welcome! My goal is to do my very best to understand your situation and to provide a full and complete answer for you.
Good evening. You will owe no inheritance
tax. But, if the amount is more than $100,000, you will be required to file Form 3520
with the IRS
to report the receipt of these funds. There will be no tax; this is simply a reporting form
. If $100,000 or less, you have no tax and no reporting requirement.
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