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In general, inheritance is not taxable. But if you inherited an income producing property or property that appreciated in value from the time you inherited it and sold it, you may have some capital gains.
There's no inheritance tax in California, but if you have to report any capital gains on your federal tax return, you will have to report capital gains on your California return as well.
If you paid any taxes to the Korean government and have capital gains to report, you can claim prorated credit for taxes paid to foreign government. If none is taxable, you cannot claim the credit.
And finally, if the land was held in foreign trust, you may need to include form 3520 with your return, since the value is more than 100K.
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