TaxLizard
Level 3
12-06-2019
05:37 PM
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Parent passed away in April 2018 in the U.K. Estate has been liquidated, but no funds have been moved to the US taxpayer's custody yet. US taxpayer wants to know whether to move the entire amount in 2018 (approx. U$S 350K) or split it into amounts <$100K over 3 or 4 years. Does it matter at all from a tax liability standpoint?