Inheriting foreign property and paying tax in US
My father recently passed away and left his home
in France to me. I am in the process of paying the
succession tax in France, and am being charged
tax here in the U.S. as well. I don't think I should
have to pay tax twice on the same property. Why
can the U.S. tax me for property in another
country? I have also heard about a type of rebate
that France will supposedly pay me when they
see that I've paid taxes in the U.S. This doesn't
sound right to me either. Can you explain?
Also, does living in Florida give me any type of
exemption on inheritance taxes here? My father
was a resident of Florida, as am I.