One of my facebook friend who is a non-US citizen, non-resident alien wrote an email to IBKR.
1. My holdings OF VWRA AND IWDA ARE US ASSETS AND MY JOINT ACC WILL NOT BE USABLE ( in case of unfortunate demise of one of us) TILL FORM 706 NA is submitted by me or my spouse for TAX FILING (PLS NOTE : we hold joint ibkr with rights of survivorship option and trade ONLY irish domiciled US ETFs and ibkr confirmed these as US assets) !!
2. IBKR acc becomes operatable by survivor ONLY AFTER 706 NA filing, TILL SUCH TIME ACC WILL BE FROZEN FOR TRANSFERS AND WITHDRAWALS.
now that they have confirmed in writing this to me and since my holdings are above 60k$, I THINK IT IS TIME TO MOVE OUT OF IBKR ASAP.
ANY HELP HERE ON WHAT OTHER PLATFORMS TO MOVE TO AND THEIR ASSOCIATED CHARGES WILL HELP.
UPDATE : IBKR HAS AGAIN REPLIED by EMAIL to me, THAT THESE ARE INDEED US PRODUCTS AND TAX FILING IS NEEDED!! Either they are completely misinformed or we ARE
Another conversation by a different friend.
Can any please clarify with some reference from IRS.