JohnB5677
Expert Alumni

Get your taxes done using TurboTax

Dividends earned in traditional IRAs are not taxed when they are paid or reinvested, rather retirement account withdrawals are taxed at one's current income tax rate when they are withdrawn.  This includes foreign investments.

 

I do not believe a 990-T would be required, and it would not affect your taxes.

 

Because all  the investments are housed in the IRA, you will not be able to recover the foreign tax credit.

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