Legal Question in Wills and Trusts in New Jersey

tax liability for Inheritance from Denmark

I am a us citizen, my wife is a green card holder (danish citizen). My father in law passed away in May and we have inherited $82,000 after danish inheritance taxes. We have been issued a check to deposit here in the USA. What are our tax (or other) obligations with regards to this money?


Asked on 10/07/05, 8:42 pm

1 Answer from Attorneys
Walter LeVine Walter D. LeVine, Esq.

Re: tax liability for Inheritance from Denmark

An inhertiance is not usually subject to any taxes in the US (State or Federal) unless the asset inherited was an income-tax deferred type of asset (like a 401(k) or IRA account). Just deposit the check.

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Answered on 10/08/05, 2:02 pm


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