Ask Experts Questions for FREE Help !
Ask
    What73's Avatar
    What73 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    May 3, 2013, 05:31 PM
    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?
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
    Expert
    		  
    #2

    May 3, 2013, 06:32 PM
    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.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    May 3, 2013, 08:28 PM
    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.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Inheritance tax from germany [ 2 Answers ]

I am a us citizen living in California my grandmother living in germany recently left me a small inheiritance less than 60k the taxes were paid to the german govt do I owe anything to the us govt and do I have to file it with my taxes?

Tax on international inheritance property sold in germany? [ 1 Answers ]

I am a US citizen living in NJ. I inherited a portion of a property in Germany (family that lives in Germany inherited the rest). That property was sold recently and my portion of the funds from the sale were electronically transferred to my bank here in the US. What kind of taxes will I owe...

Germany-USA tax treaty [ 6 Answers ]

Hi everyone. I moved from Germany to the States to work as a Research Associate on a J-1 visa for 2 years. Since I heard about the tax treaty between Germany and the US, I applied for tax exemption in the local payroll office. From now on, they don't withdraw any taxes from my salary, which...

Tax treaty Germany USA [ 2 Answers ]

Hi, After reading of all the answers I think I found the answer, but want to be sure. I'm a Postdoctorand on a J-1 viza in a status of a research scholar. I'm for 1-2 years in the US and get money from the USA. I'm a German citizen and a nonresident in US. I pointed out in the 8233 Form the...

Tax treaty germany usa.2 year counting [ 15 Answers ]

I am a research associate employed by a university to work at NASA. I am on a J-1 visa in the category research scholar/associate. I am now lost how to get the most out of my tax return. I entered the US on Aug 2006 to do research at a different university. This was on a J-1 visa as well in the...

View more questions Search