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- Mon May 29, 2017 5:15 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian PR inheriting from a US trust
- Replies: 0
- Views: 3263
Canadian PR inheriting from a US trust
I've heard that Canadian will establish cost basis for capital gains on an inheritance from a US trust based on the original cost of the item not on the value at death. So if my mother's house was originally bought for $30,000, valued at $500,000 at death and sold for $600,000. The US will assess ca...