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-   -   Tax on inheritance from Germany to USA (https://www.askmehelpdesk.com/showthread.php?t=747250)

  • May 3, 2013, 05:31 PM
    What73
    Tax on inheritance from Germany to USA
    My wife and me are inheriting a sizeable amount of euros from the sale of property
    What or how do I calculate the taxes,The lawyer in Germany,said we could
    Bring into the states 600,000 without being taxed,Not sure what to believe,heard so many different stories?
  • May 3, 2013, 06:32 PM
    tickle
    That converts to 787,000 USD. Germany has a tax treaty with the US. You had better check with your accountant to negotiate transfers, but I think the lawyer in Germany could be correct.
  • May 3, 2013, 08:28 PM
    AtlantaTaxExpert
    There are NO tranfser taxes in the United States.

    You DO have to report the transfer on Form 3520, but it is informational only; no taxes are due.

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