If money is wired into my account as a result of a property sale in Mexico, is this taxable here in the U.S?
January 10th, 2012 by admin
Cash is being wired from the Administrator of the Sale of the property as a result of a family inheritance. This is taking place in Mexico and I am here in the U.S. Do I need to report this in my tax return? How would I do this? If you know, is there a limit of money one can be given as a result of a property sale outside of the U.S.?
Passive Income
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