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Level 1
Feb 13, 2025 11:13 PM UTC
Question

inherited ira distributions

As a us citizen living in germany will the german income tax paid on inherited ira distributions be deductible on my us return form 1116?

    2 replies

    Level 15
    Feb 14, 2025 2:23 AM UTC
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    Level 15
    Feb 14, 2025 2:27 AM UTC

    @Isabel4 , depending on the exact facts and  circumstances, your German taxes  should be eligible for Foreign Tax Credit.

    Note to achieve this , you have to "resource by  treaty "   so there is foreign income ( distribution  from the IRA ).

     

    Is there more I can do for you ?