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Asked in NV May 26, 2022 ,  0 answers Visitors: 2

Beneficiary of a will

If a person in the U.S. is a beneficiary of a will executed in the UK and receives money deposited in a US bank are the funds subject to US taxes?

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1 Answers

Anonymous
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Posted on / Jul. 12, 2007 12:08:00

Re: Beneficiary of a will

This money would be treated by the IRS no differently than if the deceased had passed away in the US because you are here, unless you can show that taxes were already paid in the UK.

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