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Level 3
posted Apr 14, 2022 1:56:25 PM

1099-misc box 2 but it’s inheritance

Already paid inheritance tax in another country.

Do I enter this 1099-Misc, box 2 amount even though we’ve already paid inheritance taxes on it ?  

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1 Replies
Expert Alumni
Apr 14, 2022 5:15:01 PM

Yes, you do.

 

Good news though!  You also enter the amount of foreign tax that you paid.  (You'll need to convert it to US dollars first).