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Don't put foreign stocks that have significant tax withholding on dividends into an IRA, they should be in a taxable account.The tax withholding from the foreign government gets a 100% refundable tax credit if held in a taxable account - non-taxable accounts don't get this advantage.As a general rule don't put tax advantaged securities (Muni bonds, Master Limited Partnerships, high dividend paying foreign stocks with tax withholding) into a non taxable or tax differed account.
I have never held one of these canroy's.Normally I see a dividend post to my account.How will I know what the tax withholding is from a foreign government? Will Ameritrade send me this number on a year end statement?Thanks
You will see both the distribution post and the foreign tax payment post in your account each month. Each of your statements will also show these transactions.