My mother passed away in August. She was a US citizen living in UK for 40+ years. Do my brother and I have to pay tax to bring the cash into the US? No tax had to be paid in UK. Not a big inheritance. Total cash is about $60K each.
There was also a house. Half the house has been in a trust which my brother and I took ownership of when my stepfather passed. My mother's half has now passed to us. When we do sell the house, probably 2 years, do we have to pay US tax on that money?