Inheritance from south africa

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  • JT2307
    Senior Member
    • Jan 2009
    • 105

    #1

    Inheritance from south africa

    Taxable or not taxable.
  • Burke
    Senior Member
    • Jan 2008
    • 7068

    #2
    Normally, inherited or gifted funds are not taxable in the US. Is it income producing property? Any income would be taxable.

    Comment

    • JT2307
      Senior Member
      • Jan 2009
      • 105

      #3
      No she was worried about the interest it earned while waiting to get transferred to the states.....

      Comment

      • Burke
        Senior Member
        • Jan 2008
        • 7068

        #4
        That would be taxable, yes.

        Comment

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