Hi,
It's a very specific question: does the US estate tax apply on USD held in an account opened by an NRA at an Interactive Broker foreign subsidiary?
I sort of think the answer is yes since the cash account is likely located at IB LLC which is located in the US therefore making the monies US in situ assets but I wanted to have other's opinion.
Thanks!
US estate tax on cash held at IB
Re: US estate tax on cash held at IB
Yes. We keep our cash balance at IBKR below $60K at all times.
KISS & STC.
Re: US estate tax on cash held at IB
Hi, what if the IB account is located in the US but I hold UCITS? How does(n´t) the US estate tax apply? and what is the procedure to follow?
thanks!
thanks!
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Re: US estate tax on cash held at IB
Welcome. You can find the answer to your question in the wiki:
Nonresident alien taxation : Are nonresident aliens at risk from US estate taxes?
Re: US estate tax on cash held at IB
thanks TTedSwippet!