turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

mudbug01
New Member

Is any distribution from a foreign estate taxable in the U.S.? My mother in law passed and she is Canadian, as my wife. Since tax was paid in Canada, would I owe here?

I already received 1 distribution and another is soon arriving.  Nothing will be spent until I know the tax liability.
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Is any distribution from a foreign estate taxable in the U.S.? My mother in law passed and she is Canadian, as my wife. Since tax was paid in Canada, would I owe here?

What was distributed ?     Cash inheritances are not taxable income. 

Anonymous
Not applicable

Is any distribution from a foreign estate taxable in the U.S.? My mother in law passed and she is Canadian, as my wife. Since tax was paid in Canada, would I owe here?

we don't know what the distributions represented.  if it corpus/principal of the trust it's not taxable. if it's income it's taxable.  we also would need to know the year-end of the trust if it's income.   a fiscal year-end of the trust could mean any income distribution would not be taxable until the 2021 tax year.  most likely the trustee would supply you with info especially if there's an income distribution that is taxable in Canada.  hopefully, someone with more knowledge of Canadian trusts will respond 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies