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jhorn
Mar 12, 2007, 12:46 PM
What are the rules for paying inheritance tax for green card holder living in US for 10 years and married to US citizen. I know that US citizens are exempt for an estate of 2 mill or less.
I paid inheritance tax in Japan do I have to prove how much I paid to the IRS?
Please let me know what you think and what IRS forms to quote or look at.
Thanks

AtlantaTaxExpert
Mar 14, 2007, 10:57 PM
If you inherited in Japan and paid those taxes, you are probably exempt from U.S. estate taxes to the extent that you paid to Japan, PLUS $2 million.

taxsearcher
Mar 15, 2007, 06:30 AM
It depends. If the person inheriting it is a US citizen, it's basically straightforward and the same as the US situation. If the spouse inheriting it is NOT a US citizen, but is inheriting it from a US citizen spouse, it's not quite so straightforward.

AtlantaTaxExpert
Mar 18, 2007, 06:27 PM
I yield to TaxSearcher's greater knowledge and experience!