My father lived in Argentina and owned assets worldwide, but only some were in the U.S. Does Form 706-NA look only at the U.S. property?
My father was not a U.S. citizen and did not live in the United States, but he did own a Florida condo, some U.S. securities, and other assets entirely outside the U.S. Family members keep mixing domestic estate-tax concepts into the conversation and acting like everything worldwide must go on the U.S. return. That feels wrong based on what little I have read.
What I need is a clean rule for what the U.S. estate tax is actually looking at here. If Form 706-NA is a U.S.-situs return rather than a worldwide estate return, we should organize the whole file around that instead of drowning in irrelevant foreign assets.
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