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

To: rz who wrote (9780)9/25/2005 10:33:00 PM
From: Dave  Respond to of 11633
 
<<<<Taikun was talking about tax sheltered accounts (IRAs, Keoghs, etc.). I am not an accountant but I believe that you cannot recover foreign tax withheld from an IRA. Kind of "proof" is that my broker does not include it on 1099.>>>

rz
Sorry, I misunderstood. You are correct; it is my understanding also that foreign taxes can not be recovered.

Dave



To: rz who wrote (9780)9/26/2005 8:32:08 AM
From: jrzyl  Read Replies (1) | Respond to of 11633
 
rz,
>> believe that you cannot recover foreign tax withheld from an IRA. Kind of "proof" is that my broker does not include it on 1099.<<
My memory is that Canada's withholding was implemented after 1/1/2005. If your 1099 is for tax yr 2004, it would not be proof.
In any event what we seem to need is an opinion, or better yet a ruling, from US-IRS.
jrzy


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