Is cash in IBKR Singapore account subjected to U.S estate tax?

Discussion in 'Interactive Brokers' started by learner88, Feb 19, 2021.

  1. Obelixtrader

    Obelixtrader

    If non-reisdent hold US securities in value of 50K or 60K in USD its not subjet to estate (death) tax, over that amount its taxed.I recommend you write a manual for your family in case you die so they can close your account.The broker has no way of knowing that you died (non-resident) unless you are a US citizen
     
    #21     Feb 25, 2021
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  2. helpme_please

    helpme_please

    Good news to OP. I asked the same question posted by OP to IBKR helpline. They have confirmed that cash in IBKR Singapore account is not subjected to U.S estate tax.

    If you want to be doubly sure, you can ask same question to IBKR helpline.

    Clients using IB HK or IB Australia can ask the same question, especially if they have huge sums of cash in their accounts.
     
    #22     Mar 30, 2021
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