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View Full Version : Taxes for transferring inheritance from mexico


wutkeen
Apr 17, 2007, 01:01 PM
If I bring money by a wire from an inheritance in Mexico, do I have to pay taxes here in California?

AtlantaTaxExpert
Apr 24, 2007, 09:07 AM
No. Money transfers are NOT taxable events.

Howeverm you MAY be asked to prove WHERE the money came from, especially if the transfer exceeds $10,000.