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New Member
posted Apr 9, 2025 3:21:56 PM

can i capture Foreign Taxes paid in IRA accounts.? can i claim it as a credit?

I'm withdrawing the rmd from my ira accounts that have foreign stocks with taxes paid. Can I claim the foreign tax as a credit?

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1 Replies
Expert Alumni
Apr 9, 2025 3:30:20 PM

No, foreign taxes paid on income inside a tax-deferred account such as an IRA aren't eligible for the foreign tax credit.