Does one pay taxes on an inheritance from overseas?

Do I pay taxes on money received in an inheritance or does the estate pay. I live in North Carolina.?

  • Do I pay a tax if I receive 10,000.00 from a will or does the estate pay the taxes? If so, how much is the tax rate for federal and state?

  • Answer:

    Please check w/IRS - but as far as I know - there is no gift tax on bequeaths.

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