Submitted By: Alex
Answered: July 23, 2013 8:30 am

My wife inherited money from her father in Syria. Is this taxable to her?

No. An inheritance, regardless of amount, is tax free to the heir. It does not matter whether the person who died was a U.S. citizen or a foreign national.

advertisement
Tax Glossary

Recovery property

Tangible depreciable property placed in service after 1980 and before 1987 and depreciable under ACRS.

More terms