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Level 2
December 7, 2019
Solved

Inheritance from Canada to a us citizen. Are there any circumstances under which it would become taxable?

  • December 7, 2019
  • 2 replies
  • 14 views

It appears to be cash.

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Best answer by itonewbie

Generally no, assuming the deceased was not a covered expatriate.  However, there may be various information return filling requirements such as F.3520 and FBAR.

2 replies

itonewbie
itonewbieAnswer
Level 15
December 7, 2019

Generally no, assuming the deceased was not a covered expatriate.  However, there may be various information return filling requirements such as F.3520 and FBAR.

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itonewbie
Level 15
December 7, 2019
You may also want to check if the state has any inheritance tax.
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