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Hi, my name is Mark. I will be happy to help you with your question. The sale of the property would be reported on Schedule D. You would take the sales price and reduce this by your basis in the property less and costs associated with the sale.
The basis of the property would be determined on the date you inherited. The basis would be the Fair Market Value or the property when you inherited. You would be able to claim any foreign taxes paid as a credit on Form 116.