Where do I put foreign tax withheld on an IRA account that did not receive a 1099DIV?

sdp1317 · ‎June 1, 2019

macuser_22 · ‎June 1, 2019

Nowhere. What happens withing an IRA stays in the IRA. That is why it is a bad idea to have foreign holdings in an IRA - the IRA must pay the foreign tax but it cannot be claimed as a credit. You should have foreign holdings in a regular brokerage account, not in a IRA.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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macuser_22 · ‎June 1, 2019

Nowhere. What happens withing an IRA stays in the IRA. That is why it is a bad idea to have foreign holdings in an IRA - the IRA must pay the foreign tax but it cannot be claimed as a credit. You should have foreign holdings in a regular brokerage account, not in a IRA.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

sdp1317 · ‎June 1, 2019

Thank you very much.

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Where do I put foreign tax withheld on an IRA account that did not receive a 1099DIV?