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Before processing with the complete answer we need some clarification...
- are your parents US persons or they are nonresident aliens?- what is the purposes of transferring the money top you? is that a gift? a loan? other?
If your parents sold the property - they will report that sale transaction on their income tax return.
That is regardless if the property is in the US or abroad.
They will calculate the gain or loss as
(selling price) MINUS (adjusted basis).
The basis is the original purchase price if the property was purchased.
However - if the property was inherited - the basis is determined as the fair market value (FMV) at the time the decedent passed away.
That basis is adjusted by improvements and some other expenses.
The gain is added to their taxable income - but if the property was owned more than a year - it will be taxed at reduced long term capital gain rates.
For yourself - the gift is not taxable income - and you do not need to report it on your tax return.
However - your parents as donors will need to file a gift tax return (form 709) - but most likely - there will not be any gift taxes.
The fact of transferring the money is not reportable.
However - if your parents hold a foreign bank account - that is subject to reporting.
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