DW is likely to inherit around CDN$55K (about US$42K ) sometime this year. She is a Canadian citizen with a green card and the inheritance will come from a relative in Canada.Will this be taxed as income of some kind, or is it a freebie? Inheritances are not taxable income.Does it make any difference in the US that it is coming from another country?Not from a tax standpoint. Your banker can tell you if there are any transaction reports required.Phil
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