What is the name of your state? North Carolina
If my father leaves his estate including a home in Jersey Channel Isles to me and my sister I am wondering about the tax consequences.
He has no ties to the US, but I live in the US and became a US citizen.
I believe the inheritance would be free of US Tax, but if it includes real estate which I subsequently sell, are those proceeds still free of US Tax?
Does it make any difference that I am named as executor?
ThanksWhat is the name of your state?
If my father leaves his estate including a home in Jersey Channel Isles to me and my sister I am wondering about the tax consequences.
He has no ties to the US, but I live in the US and became a US citizen.
I believe the inheritance would be free of US Tax, but if it includes real estate which I subsequently sell, are those proceeds still free of US Tax?
Does it make any difference that I am named as executor?
ThanksWhat is the name of your state?