Post by Solomon Friday (@Solchrisfa)
Something we don’t talk about in investing:
If you own U.S. assets, (U.S. stocks, U.S. real estate, U.S. mutual funds, U.S. ETFs) you’re subject to U.S. estate tax. Even if you’re not a U.S. citizen or resident. Even if you bought them through a non-U.S. brokerage or intermediary.
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Solomon Friday: The problem:
U.S. citizens & residents are taxed on the value of their assets owned worldwide, but they get a wide $15 million exemption that increases with inflation every year. Non-citizens who aren't U.S. residents? Just a flat $60,000.
U.S. citizens & residents are taxed on the value of their assets owned worldwide, but they get a wide $15 million exemption that increases with inflation every year. Non-citizens who aren't U.S. residents? Just a flat $60,000.