ToddL99
Expert Alumni

Deductions & credits

The French tax you paid on your foreign inheritance does not qualify for a foreign tax credit.

 

A foreign tax credit only applies when you have foreign income that is subject to U.S. tax. There is no U.S. federal tax on inheritances.

 

There are some states that have an inheritance tax, but they only apply to domestic assets - not foreign assets.

 

 

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