Posted by Nick Young , 3 replies

I am a dual national (UK originally, US by marriage) working in the US and paying US taxes. I recently inherited about 40,000 GBP. There was no UK inheritence tax paid as the total estate was below the taxable minimum. Where do I stand with regards to US taxation? Do I declare this on my return (Virginia State / Federal)? Any thoughts on how best to transfer this to the US?

Thanks!!

3 replies
George

I’m not sure if the rules have changed but hopefully the following article will answer all your questions:

http://voices.yahoo.com/do-pay-us-taxes-if-receive-inheritance-89…

George

esquiregroup

There should not be any US tax.

Esquire Group, LLC
http://www.nomoretaxtrouble.com