On the taxable account vs IRA for these foreign stocks, the dollars you are credited for the foreign tax withholding are taken by the IRS as taxes you pay here. You have to fill-out a bunch of forms for each.That depends on your holdings and the amount of foreign tax paid. For many taxpayers it's just one line on the 1040 and you're done. See the instructions for Form 1116.PhilRule Your Retirement Home Fool
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