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-   -   Receiving an Inheritance (https://www.askmehelpdesk.com/showthread.php?t=429797)

  • Dec 30, 2009, 05:40 PM
    robmartin
    Receiving an Inheritance
    I am receiving an inheritance from my aunt from scotland (50,000 pounds). Will I have to pay any taxes on said money and if so how much. I live in New York. Also do I need to claim it when filing income tax return.
  • Dec 30, 2009, 06:19 PM
    rosemcs

    Mukata has a better answer...
  • Dec 30, 2009, 06:39 PM
    MukatA

    There is no federal tax on inheritances from U.S. sources or foreign sources. You do not claim it on your federal tax return. Your U.S. Tax Return: Tax on Inheritances
  • Dec 31, 2009, 10:00 AM
    robmartin

    Thank you both.

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