chloe2008
May 30, 2008, 06:03 AM
Hi - I am green card holder (married to US citizen) working here in the US. I am a Canadian citizen by birth. I file taxes here in the US and not Canada. My father (Cdn citizen) recently passed away in Canada and left me a sum of money in excess of $100,000.00.
What are the tax consequences to me, federal and state, once this money is placed into my US bank acct?
What are the tax consequences to me, federal and state, once this money is placed into my US bank acct?