The inheritance was distributed in Dec and my sisters took care of all the Canadian taxes involved and arranged for it to be deposited in my Canadian checking account.
I was just wondering how (or if) I need to report it on my US 2021 taxes.
It doesn’t approach the limits for federal tax and in 2021 I lived in Texas which has no state tax.
It sounds like it’s a non-issue. It will be reflected in a higher dollar value in my FBAR for the account but not taxable.
It is a non-issue, except for the FBAR reporting, which you’ve been taking care of, it sounds like.
But not an issue at all for income tax reporting. Inheritances are not income, and are not reported on the 1040 at all. Nor for any state, that I’m aware of. Though, as mentioned above, some states do impose an inheritance tax.
Bill