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    gianrussini's Avatar
    gianrussini Posts: 1, Reputation: 1
    New Member
     
    #1

    May 2, 2007, 10:18 PM
    Taxes on Inheritance from abroad?
    My father passed away and the house where he lived was sold. My brother and I both are expecting to get around $20K. Do you know if we have to claim this income for tax purposes? Or since the amount was already taxed in the country where the property was sold, there is no need to claim in on my tax forms?

    Thank you,
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    May 3, 2007, 01:06 AM
    No U.S. taxes will be due.

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