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[quote=Anonymous]A relative abroad passed away and I am getting about $50K from them as inheritance. This person was a US citizen (became one recently) with assets abroad. All his financials were abroad (his will, assets, etc.). The money will be transferred to me in a foreign country and likely stay there (not western, if that matters). AFAIK, this person has never filed an income tax return in the US (and even if they did last year, it would be for income below the taxable threshold) and the family has no clue what to file, etc. What proof do I need to show that it was an inheritance and not a gift since it is above the annual gift tax threshold. I want to make sure they don't have to file any gift tax paperwork nor do i have to add this as income. I understand the reporting requirements for assets held abroad and additional filing requirements. Do it already and cool with it.[/quote]
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