Log in

View Full Version : Tax on inheritance from Germany to USA


What73
May 3, 2013, 05:31 PM
My wife and me are inheriting a sizeable amount of euros from the sale of property
What or how do I calculate the taxes,The lawyer in Germany,said we could
Bring into the states 600,000 without being taxed,Not sure what to believe,heard so many different stories?

tickle
May 3, 2013, 06:32 PM
That converts to 787,000 USD. Germany has a tax treaty with the US. You had better check with your accountant to negotiate transfers, but I think the lawyer in Germany could be correct.

AtlantaTaxExpert
May 3, 2013, 08:28 PM
There are NO tranfser taxes in the United States.

You DO have to report the transfer on Form 3520, but it is informational only; no taxes are due.