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View Full Version : Tax on iheritance from outside you.s.


okmnj
Sep 20, 2010, 11:24 AM
My english mother died in england and left me $400k. I pay California and fed income taxes. Do I owe taxes on this inhertance ? My wife inherited $30k . Does she owe taxes?

ebaines
Sep 20, 2010, 12:07 PM
You do not owe any tax to either the US federal government or the state of CA on inherited money . I can't speak as to whether you may owe any taxes to the UK.