I have an existing Fidelity brokage account and I am a US resident. I want to change the ownership to joint account with myself and another person who is non-US resident. After this change, do I have to pay for US tax, if the money stays in the Fidelity account and moves to the bank account of the non-US resident?
As a side note, my US tax code are subject to MTM accounting rule. I will no longer use this account for trading after I complet the ownership change to joint account.
Thank you in advance.
