Hello All,I am considering setting up an individual (taxable) brokerage account in Mexico to buy some equities on the mexican exchange and also purchase a peso denominated CD possibly, however I am concerned about the tax treatment and accounting issues:1. The application does not require a SSN or Tax ID so obviously I don't think they report anything to the IRS.2. Are capital gains , dividends, and interest income all treated the same as a regular domestic account ?3. I normally use Turbo tax so if these sources of income need to be reported differently or with additional paperwork, will the turbo tax package accomodate this ?4. They charge quite a few fees that are not customary in the US such as application fee, fee to setup account ect. Can these be added to my return as investment expenses ?5. Last and most importantly, statisically am I more likely to be audited if I have a foreign brokerage account ? I plan on spending 12mo abroad in 2006 so an IRS audit would be especially unpleasant under the circumstances.Thank you kindly in advance folks.Dave
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