Business & farm

Not true in the case of Brookfield Renewable Partners (BEP) as they do not report taxes on their K-1.  Your stock Broker deducts them from the partnership distributions and should list them in the Dividends and Distributions section of the 1099,  not in the non-reportable section of the 1099.

 

This what BEP says:

"The Forms 1099-INT and DIV prepared by your broker will include information on any foreign
withholding taxes that were withheld by your broker so that you may claim them, if eligible, in
your tax return as a credit and/or deduction. Because the withholding tax process is administered
by the brokerage community rather than us,,taxes withheld are only reported on Forms 1099-INT and
1099-DIV (and not on Schedule K-1)."
  "