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Is there inheritance tax on money received from a deceased relative in Switzerland? The money will be deposit?
deposited from the estate to person in U.S. bank account. Would like to know how much tax will be owed.
3 Answers
- StephenWeinsteinLv 79 years agoFavorite Answer
If the person in the U.S. who inherits the money lives in one of the few states in the U.S. that has an inheritance tax, then yes.
If the person in the U.S. who inherits the money lives in one of the many states in the U.S. that do not have an inheritance tax (most of the U.S.), then no.
- troLv 79 years ago
inheritance is not taxable to the heir in the US
there are some states that do impose an inheritance tax on the heirs, that will depend on which state you live in
