Gift tax for non-residents in the event of cash transfer between US brokerage accounts

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Bishop69
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Joined: Sun Nov 06, 2022 4:31 am

Gift tax for non-residents in the event of cash transfer between US brokerage accounts

Post by Bishop69 »

Does anyone know whether there is a gift tax in the event if one non-resident alien transfers cash from his US brokerage account to another non-resident alien's US brokerage account? Found a PDF file that classifies brokerage accounts as intangible assets, thus making cash on the account not subject to gift tax when transferred between non-resident aliens. Is that so?
https://www.gbslife.com/media/28493/020 ... tizens.pdf
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