I am inheriting $400,000 from a foreign country (France). Are there tax consequences in the US when I transfer the money? What are the legal requirements for me?
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I am inheriting $400,000 from a foreign country (France). Are there tax consequences in the US when I transfer the money? What are the legal requirements for me?
Thanks to our Tax Expert, Mukat... here's the info from his blog.
Your U.S. Tax Return: Tax on Inheritances
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