What happens if i inherit money from canada

What happens if i inherit money from canada?

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572.5K views 2024-01-02 22:36:36 42:51

Answer:

If you receive an inheritance from Canada, it will, generally, not be taxable in the United States. In the U.S., some states do impose taxes on foreign inheritances. However, if you're an established expatriate with permanent residency in another country, those laws will likely not affect you.

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How much money can i transfer to canada without being taxed?

Answer: Canada's lack of a gift tax makes it easy to transfer money to an acquaintance or loved one there. While your recipient won't have to worry about any forms, transfers over $10,000 may need to be reported to the IRS.


2024-01-03 22:40:08

Can i lose money in trading?

Answer: Yes, you can lose any amount of money invested in stocks. A company can lose all its value, which will likely translate into a declining stock price. Stock prices also fluctuate depending on the supply and demand of the stock. If a stock drops to zero, you can lose all the money you've invested.


2023-11-08 02:13:50

Can i make money making indie games?

Answer: It's possible to make money off of indie games. In Eric Barone's experience, he worked diligently for four years on the beloved Stardew Valley by himself. All while holding down another job and living off of more meager savings.


2023-03-04 10:58:37
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