If the stock is held in a taxable account, yes. If in ira/Roth, no credit for taxes paid. Otoh, IF it's like US agreement with Canada, with Canadian companies there's no withholding tax taken out at all if held in Roth/ira, but there is withholding tax taken if shares are in taxable account.
Yes, that's what they say, you get the credit 100%. Easier said than done, given my experience. Using Turbotax, having to complete instructions to get to form 1116, separating income and taxes for each foreign country, Turbotax doesn't seem to be able to handle it well. Worse this year than last. I get something credited yes, but imo, it is not the entire amount. Also incomprehensible to me, there's been carryover of the credit, ie. not getting the full amount in the same year as tax taken out. |
