Contact UsJust inherited the equivalent in foreign currency of ~ US$115K so I need to file Form 3520 and would like to wire transfer most of it from my foreign account into my US bank account. Can I file F 3520 right away? Do I have to wait until 2019 to do it?
money left invested overseas will earn “gains” which usually do not make up for exchange rate increase. Would I need later to declare those “gains” here, even if equivalent dollar amount decreases?
