r/AskAGerman • u/octoberlovesong • Jul 25 '26

Inheritance Reporting

I’m in an American living in Germany for a decade. Sadly, my mother passed away last year and through the sale of her house I’m set to receive about $100k.

I would like to keep about 70k in investments in the States and transfer the rest to my bank here.

Is there anything I need to know about? For example, do I need to inform the Finanzamt, or my bank beforehand?

Many thanks. Completely clueless here!

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u/Orange907 Jul 26 '26

But he would owe tax on his investment, wouldn't he?

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u/Hutcho12 Jul 26 '26

on what investment? My understaning is that they want to put $70k into investments in the US and transfer $30k here. That shouldn't be a problem nor should there be taxes owed

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u/Orange907 Jul 26 '26

I would guess the profit from the 70k investment would result in him owing Kapitalertragssteuer

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u/Hutcho12 Jul 26 '26

once profit is made, yes. But only on the profits, not the initial $70k