Why a Nonresident Should Never Open a U.S. Brokerage Account in Their Name

The U.S. imposes an estate tax on the U.S. situs assets for nonresident investors.

If you are a non-U.S. person and you opened a U.S. brokerage account to buy U.S. stocks, you could be looking at some massive estate tax exposures.

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#IRS #EstateTaxes #Form706

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