I am citizen in Canada. inherited $1m USD - not related. is it taxable?

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inherited property taxed @ time of sale if there happened profit involved on basis @ time of inheritance.

inherited ira's , such retirement plans might taxable individually , outside estate.

short answer lots of rules inbetween.

a non-related person left me $1 million usd when passed away. not estate or property cash. citizen in canada. need pay taxes in usa regarding inheritance or according country of residence canada? how different if inherit property in usa?
thank you


Business & Finance Taxes United States Next



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