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I just noticed that the dividend paid by BPOP was short 10% and
I asked my broker for an explanation. I was told that this was a
withholding tax. I then asked about having to file an income tax
return in Puerto Rico to get the money back.

I hold BPOP in my IRA account.

This is the broker's reply:

"Popular, Inc. is located in Puerto Rico, and therefore all dividends earned
from corporations domiciled in Puerto Rico are subject to this withholding.
And, no, you will not need to file an income tax return in Puerto Rico. This
money is withheld at the source, and will not be refunded to you."

Is this right? Can this be right?

El Titán (A resident of TN)
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