Are LLC membership interests considered U.S. situs property for estate tax?
I'm a Canadian citizen and I own a 50% membership interest in a multi-member LLC organized in Florida. The LLC operates an e-commerce business and holds some inventory in a U.S. warehouse. My partner is American. If something happens to me, would my 50% membership interest be treated as U.S. situs property subject to estate tax? I've heard that partnership interests might be treated differently than direct asset ownership.
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