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Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 3772
Experience:  20+ years of experience in tax preparation; 25+ years of experience as a real estate/corporate paralegal.
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Taxpyer who is resident of Canada and also a chinese

Customer Question

Taxpyer who is resident of Canada and also a chinese citizen. He and his wife owns two rental in USA. For tax purpose, both he and the wife file Form 1040NR and list 50%/50% ownership. They are old in their 80s. will there be any estate taxes incurred when either one of them passing?another question follow in next email
Submitted: 2 months ago.
Category: Tax
Expert:  Barbara replied 2 months ago.

Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

Deceased nonresidents who were not American citizens are subject to U.S. estate taxation with respect to their U.S.-situated assets.

Executors for nonresidents must file an estate tax return, Form 706NA, United States Estate (and Generation-Skipping) Tax Return, Estate of a nonresident not a citizen of the United States, if the fair market value at death of the decedent's U.S.-situated assets exceeds $60,000.

https://www.irs.gov/individuals/international-taxpayers/some-nonresidents-with-u-s-assets-must-file-estate-tax-returns

Please let me know if I can assist you further.

Thank you and best regards,

Barb

Expert:  Barbara replied 2 months ago.

Just following up with you to see if you have any other questions. If so, please let me know so I can further assist you.