Search found 2 matches

by margitdastl
Thu Jan 30, 2014 2:19 pm
Forum: Canada / United States Tax & Accounting
Topic: US citizen/Canadian resident inheriting from US
Replies: 2
Views: 1880

My grandfather had set up several trusts that my aunt, my sisters, and myself are in the process of dissolving. There's also my father's house, which one of the trusts now owns, that we are in the process of selling. We have a US accountant taking care of the US side of things. I've been told that a...
by margitdastl
Thu Jan 30, 2014 1:38 pm
Forum: Canada / United States Tax & Accounting
Topic: US citizen/Canadian resident inheriting from US
Replies: 2
Views: 1880

US citizen/Canadian resident inheriting from US

I am a US citizen and a permanent resident of Canada. I am 35 years old. My father (lived in US) recently passed away and I will be inheriting about $300k (before US taxes) in a few months. US taxes will be withdrawn from this sum before it is dispersed (I am 1 of 4 beneficiaries), but I was wonderi...