At the time of Dylan's death, he was a resident of the United States. He owns land located in a foreign country, which is subject to that country's estate tax. This same land also can be subject to the Federal estate tax.

Question

Quizplus · Accepted Answer

The United States imposes estate taxes on the worldwide assets of its residents, including property located in foreign countries. Therefore, the land owned by Dylan in a foreign country could be subject to both the estate tax of that country and the U.S. federal estate tax.

At the Time of Dylan's Death, He Was a Resident