Pay taxes on Inherited Roth IRA?

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anonymoose2
Mensajes: 4
Registrado: Vie Abr 16, 2021 19:53

Pay taxes on Inherited Roth IRA?

Mensaje por anonymoose2 » Vie Abr 30, 2021 22:05

I'm sorry I don't speak Spanish well enough to write this in Spanish. (I'm up to 127 consecutive days on Duolingo!)

I'm a US citizen, living in the US. I have a Roth IRA that I would like my brother to inherit. He is a US citizen but lives in Spain, has a Spanish wife and kids there. He has a resident card in Spain and works there. If he were to inherit my Roth IRA, do you know if he would owe Spanish taxes on it? (If he owed taxes then I would try to leave him a different inheritance.)

Thank you for your consideration of my question.

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kakadeluxe
Mensajes: 900
Registrado: Vie Feb 22, 2019 11:26

Re: Pay taxes on Inherited Roth IRA?

Mensaje por kakadeluxe » Sab May 01, 2021 09:29

Hello.

The comrade @inves76 know it because he lives in the USA, and he is Spanish. Wait that he read it.
"El interés compuesto, la octava maravilla del mundo", Mayer Amschel Rothschild.
Tu Dinero * (1 + i)↑n

anonymoose2
Mensajes: 4
Registrado: Vie Abr 16, 2021 19:53

Re: Pay taxes on Inherited Roth IRA?

Mensaje por anonymoose2 » Dom May 02, 2021 21:34

Thank you, @kakadeluxe.

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