Announcement

Collapse
No announcement yet.

Inheritance from south africa

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
    #1

    Inheritance from south africa

    Taxable or not taxable.
    Tags: None
    #2
    Normally, inherited or gifted funds are not taxable in the US. Is it income producing property? Any income would be taxable.

    Comment

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

      Comment

        #4
        That would be taxable, yes.

        Comment

        Previous template Next

        Disclaimer

        Collapse

        This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

        Working...
        X