drohnerd Posted April 17, 2010 Report Share Posted April 17, 2010 Presume congress acts and the 2010 tax exemption on an estate will be $3.5 Million. Supposed 2 Million Dinar worth of bills are found in the estate worth $3 Million dollars upon the death of a near relative. How is this handled? Is the exchange value of $3 Million exempt or will the beneficiaries have to pay 35% capital gains tax when they convert to USD?ThanksDon Link to comment Share on other sites More sharing options...
lil red Posted April 17, 2010 Report Share Posted April 17, 2010 Consult a tax attorney each state has specific laws. Link to comment Share on other sites More sharing options...
drohnerd Posted April 17, 2010 Author Report Share Posted April 17, 2010 California where the relative lives does not have an estate tax. So my concern is the Federal Estate Tax!ThanksDon Link to comment Share on other sites More sharing options...
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