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Don't Overlook Foreign Tax Withholding in IRAs and 401(k)s
Seeking Alpha; free registration may be requiredLink to more items from this source
Dec. 1, 2015
"Many foreign governments mandate the withholding of income taxes from dividend payments made to non-residents.... [If] you hold the foreign equity in a tax-deferred account, there is no current U.S. income tax liability on those dividends, therefore you cannot take a credit for the foreign tax withholdings. In addition, the IRS regards your IRA (or 401(k)) as a separate entity (separate from you as an individual taxpayer) ... Bottom line: You can usually consider any foreign taxes withheld from your IRA/401(k) dividends as permanent, unrecoverable losses."

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