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German inheritance: mom died 1991, left house to brother and me, I realized in 2017 $47,700 as my half of proceeds from sale of house. Is inheritance tax due, when?

 
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Accepted Solutions
ToddL
New Member

German inheritance: mom died 1991, left house to brother and me, I realized in 2017 $47,700 as my half of proceeds from sale of house. Is inheritance tax due, when?

There is no federal inheritance tax in the United States. 

Some states have inheritance taxes, but these usually apply only to assets inherited within the state. 

For more information, see:

https://taxfoundation.org/does-your-state-have-estate-or-inheritance-tax/

If you still have questions about your states rules, update this post with a Comment.

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1 Reply
ToddL
New Member

German inheritance: mom died 1991, left house to brother and me, I realized in 2017 $47,700 as my half of proceeds from sale of house. Is inheritance tax due, when?

There is no federal inheritance tax in the United States. 

Some states have inheritance taxes, but these usually apply only to assets inherited within the state. 

For more information, see:

https://taxfoundation.org/does-your-state-have-estate-or-inheritance-tax/

If you still have questions about your states rules, update this post with a Comment.

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