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Taxation of Capital from inherited foreign trust?
End-2024 I inherited/received (only) a capital amount from a foreign non-grantor trust that was in my late father's estate. I know about the form 3520, section III reporting - but my question is do I have to enter the capital amount in 1040 D and is it CGT taxable?
Some say yes, some say no!
Thoughts please, appreciated
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‎June 27, 2025
1:06 PM