Can a dependent that had dividend Investment income and had foreign tax withheld from those dividends file and get that foreign tax refunded ? Total income is less $1050.

Can a dependent that had dividend Investment income and had foreign tax withheld from those dividends file and get that foreign tax refunded ? The total amount of dividends and interest for this dependent is less than $1,050 so filing is not required normally. I wonder if foreign tax withheld can only be returned thru a tax credit and if no taxes are owed, then no way to get the foreign tax back, is this true ?

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1 Best answer

Level 4

Jun 5, 2019 6:10:26 PM

You are exactly right. The taxes withheld can only be returned as a credit and if no taxes are owed the credit is lost.

Level 4

Jun 5, 2019 6:10:26 PM

You are exactly right. The taxes withheld can only be returned as a credit and if no taxes are owed the credit is lost.

Returning Member

Jun 5, 2019 6:10:27 PM

Thank You Mr. Ed, I was 99% sure I was correct, just wanted to verify !

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Can a dependent that had dividend Investment income and had foreign tax withheld from those dividends file and get that foreign tax refunded ? Total income is less $1050.