I will get money from inheritance already taxed in Germany. Do I have to pay taxes in California too ?
What country are you in
do you have to pay tax on inheritance
In any country you just find out what the fare is and then pay that amount in the local currency. So it is the same as what you would do in your own country.
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Check with an accountant or tax lawyer. Inheritance taxes can vary by country or state.
Depending on where someone lives depends on the need to pay taxes on any inheritance they get from a living trust. The beneficiary of an estate from inheritance will need to pay taxes to take possession of assets.
If you are one of the signatories of a joint account it is already yours, you do not have to inherit it, therefore it is not subject to an inheritance tax.
It depends (a) on what country you're in and (b) how much you inherit. In the UK - you pay inheritance tax on estates valued at over £325,000
It will go to the person in the nursing home to help pay for the care.
No Federal income tax due on inheritance.
The majority rule for inheritance is that any inheritance, unless specifically written otherwise, is non taxable. The wife will not have to pay inheritance tax when you die if her name is not on the deed.
no