Can I gift my U.S. LLC interest and stocks to my children without U.S. gift tax as an NRA?
I'm a non-resident alien from South Korea and I own a U.S. LLC plus a substantial U.S. stock portfolio. I'm doing estate planning and my advisor suggested gifting these assets to my children now instead of leaving them in my estate. He says LLC interests and stocks are 'intangible property' so there's no U.S. gift tax. This sounds too good to be true. Is it actually correct? What about the income tax consequences?
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