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Old 06-10-2020, 05:53 PM
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Non resident alien inheritance tax consequences in US

I am Estate Administrator of deceased person. Overseas guy (solo and only heir under the will) inherited house in Seattle and $100K bank account cash. No contestants, no creditors. Probate procedures have no issues. After house is realized (about $1M worth), but before releasing money to heir, what taxes on behalf of the estate should I pay? Deceased person was resident of WA state.



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Old 06-12-2020, 12:43 AM
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[quote=rom299;47926]

as you can see, unless the non us resident beneficiary has US source income/distributions, you do not need to file form 1042s/1040NR.



In general,You don?t need to worry about the federal gift and estate tax, which affects only very wealthy families. For deaths in 2020, only those who leave more than $11.58 M.in the case of WAstate, If the total gross estate is below the filing threshold,for 2019/2020, it is $1.93M, no estate tax return is filed. If the total gross estate is above the filing threshold, an estate tax return,a Fed form 706, must be filed even if no tax would be due.



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Old 06-14-2020, 11:17 PM
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Thank You!!!!



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Old 06-16-2020, 06:15 AM
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Originally Posted by rom299 View Post
Thank You!!!!
thanks alot



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