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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?


To: RonS who wrote (6089)7/4/2003 5:56:54 PM
From: Tommaso  Read Replies (1) | Respond to of 11633
 
>>>As a US resident, will 15% be withheld if the energy trust is within a ROTH IRA account? Can you explain what does "properly set up" means?
<<<

I don't know about the Roth IRA. I can't quite reason it out for myself.

For regular IRAs, the brokerage does have to program in the exemption from the withholding. I am afraid I am going to have to complain repeatedly about each of my Canroy holdings to get them to do that.

Also, different trusts figure things in different ways. And some of them seem to inform the broker that the tax is not to be withheld.

I am afraid this is one of these situations like love and death, you have to get through it the best you can.

Pretty soon I may have the leisure to make a more concerted effort to nail all this down. So far my broker continues to withold the tax. This may in fact, be legal, since the Canadian government will never recover anything when I withdraw the money from the account and pay US taxes on it.