I received a dividend on a foreign stock (VE) that had a 30% tax withholding imposed on it. I have done a little research and - as I understand it - it seems I cannot recover any part of this tax because the position is held in a tax-deferred IRA account. Can anyone confirm (or correct) my understanding of this situation? You are correct. The IRA is a separate legal entity which doesn't pay income tax. Thus, it has nowhere to apply the foreign tax credit.PhilRule Your Retirement Home Fool
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<