Is international inheritance taxable in the US? 6 Answers as of February 27, 2011
Do I have to pay US taxes on money/stock inheritance from my mother in Germany? What forms do I have to file?
Meyer & Yee, LLP
| Kent W. Meyer
It depends on where you live. The state may tax you- the federal govt wont.
Answer Applies to: California
Steven J. Fromm
| Steven J. Fromm & Associates, P.C.
Generally, under Section 102 of the Internal Revenue Code, gifts and inheritances are not taxable income to the recipients. Such bequests are not included on Form 1040.
Answer Applies to: Pennsylvania
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