My mom, a resident and citizen of France, passed away last summer. My inheritance will consist of some cash and mostly stocks/shares. There is no real estet involved. An attorney there is taking care of the necessary steps. The first thing I had to do was pay the ineritance taxes due, which I did late last year, in November or December. This was in the low five figures, which had quite an impact on my bank accounts. I haven't seen any money yet.
Working on my 29020 taxes, I looked up the foreign tax credit, but it says that only applies to foreign income. It wasn't really clear whether that meant any income or just earnd income, or what. I also found form 706-CE, Certificate of Payment of Foreign Death Tax. Is that what I need to file? It looks like I would have to send the form to both the attorney and the French department of the Treasury for their signatures. Considering the time this is taking, I doubt I would bet it back before the tax deadline. Would I be able to claim the credit with my 2021 taxes, when I declare the inheriitance itself, (which I hope I will have received by then) even though I paid the tax in 2020?
