How much tax will I pay if I sell land from another country for $50,000 american?

Inheritance of my dad, who is passing it down to me and my siblings. It's been in our family for a long time, but my share is not in my possesion yet. The appraisal is supposedly around $45-50k for an acre of land (the amount of property I would receive).

You don't pay any tax on inheritance. If the property is sold and you get the your share of inheritance, then you don't pay any tax.

If you inherit the property, then you may have to report the sale of the property. Also when you are transferring money to the U.S. you will need to file Form 3520 Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts as the IRS wants to make sure that it is a gift or inheritance.

1. Any thing (money and property) you receive as gift or inheritance, you (the receiver) don't pay any federal tax.

2. If you inherit a property, your cost basis is the valuation (Fair Market Value) of the property at the date of the decedent's death or the FMV (Fair Market Value) on the alternate valuation date if the personal representative for the estate elects to use alternate valuation.

3. If you sell the inherited property at a price up to your cost basis you don't have any taxes due. However, if you sell the property at price more than the cost basis to you, then you pay the taxes on the profit (sale price minus your cost basis).

4. You will report the sale on schedule D of Form 1040.

How did you acquire the land?
How long have you had it?

Assuming you are a US citizen or legal resident, your US taxes are based on the difference between your tax basis and the sale price. For an inheritance, your tax basis would normally be the value of the property on the date of your fathers death. The 'profit' would be a long term capital gain. Last I checked the maximum rate for long term capital gains was 15%. Depending on your income, you could be subject to a lower rate.

Worst case, 15% of the full $50,000 = $7,500.