I am receiving some inheritance money from Europe from my mother who passed away.
I have become a US citizen.
Do I have to pay taxes on any of this?
![]() |
I am receiving some inheritance money from Europe from my mother who passed away.
I have become a US citizen.
Do I have to pay taxes on any of this?
Redundant question; my answer is below.
There will be no estate or inheritance taxes on the federal level.
There MAY be an inheritance tax at the state level; a phone call to your state department of taxation should provide an answer to that question.
If there is a wire transfer from your mother's estate, Form 3520 may need to be filed to account for the transfer amount, but that is an information return only; NO tax will be due.
All times are GMT -7. The time now is 01:39 AM. |