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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Delfino R Zavala who wrote (5229)7/28/2010 3:25:14 PM
From: Bocor  Read Replies (1) | Respond to of 34328
 
don't know, this is the first year I have received foreign dividends, and I leave all my tax work to my accountant:)



To: Delfino R Zavala who wrote (5229)7/28/2010 3:44:48 PM
From: Steve Felix  Read Replies (1) | Respond to of 34328
 
Yes, in taxable accounts.

"You can choose to take the amount of any qualified foreign taxes paid or accrued during the year as a foreign tax credit or as an itemized deduction. To choose the deduction, you must itemize deductions on Form 1040, Schedule A. To choose the foreign tax credit you generally must complete Form 1116 (PDF) and attach it to your Form 1040 (PDF), or Form 1040NR (PDF)."

irs.gov


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