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MartyG
Level 3
Level 3
Member profile
I'm a CPA with 42 years Tax Experience
Link to my Website
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  • Hi Aln9, First, I'm sorry for your loss. Since your mom left everything to you, you are the owner of it, and it is yours, tax free, with a stepped up basis to...
    MartyG
    Updated Oct 25, 2023
  • Hi thesherrya, I'm not sure what tax benefit you mean, but if you move permanently from CA to NV, you will become a NV resident and no longer be a CA resident....
    MartyG
    Updated Oct 25, 2023
  • You have a few different issues in your question. One is residency, and the another is state taxation of the income earned. It is also complicated (but potentia...
    MartyG
    1
    Updated Oct 25, 2023
  • Hi Vivmarsh, First of all, I'm sorry for your loss. Generally yes, you would have to report the payment as taxable income on your US tax return (assuming you ...
    MartyG
    Updated Oct 25, 2023
  • Hi MarwanM, Since it is your earned income, the physical presence test applies to you. So yes, you should be okay if you yourself meets the 330 days abroad tes...
    MartyG
    Updated Oct 25, 2023
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