No, Pete, it does not matter what type of account holds the stock. The rules apply equally. Whether a particular acount benefits and another does not is of no concern to the foreign issuing entity.
This is why in the institutional (non taxable) world, certain investments are not all that attractive to them and others are more attractive than they would be to a taxable account.
Do foreign entities care if in IRA/retirement accts as far as being taxable? Wouldn’t they just want their share? why would they want to subsidize our retirements?
on the landmarking front—-> LPC is NOT going to landmark the building downtown where mosque etc is proposed. Am sure FOX news will be stirring up this pot again tonight.
dibs, if you got any kind of global leaning to your portfolio, even in mutual funds, you get wacked with foreign tax. For me all my real money is in 401ks/IRAs, so nothing really happenes tax-wise. At least for now.
When i have the time, I’ll go over my return and see where these things get reported, what forms/lines. Anything gas related is most likely partly Canadian and that’s where the foreign tax paid issue comes up.
Great seeing a number of PLUSAs Friday night!
Sorry I missed you, PS — I got there much later than anticipated.
“I just returned from Mexico”
I love your life, ENY, can I borrow it for awhile? : P
No, Pete, it does not matter what type of account holds the stock. The rules apply equally. Whether a particular acount benefits and another does not is of no concern to the foreign issuing entity.
This is why in the institutional (non taxable) world, certain investments are not all that attractive to them and others are more attractive than they would be to a taxable account.
Do foreign entities care if in IRA/retirement accts as far as being taxable? Wouldn’t they just want their share? why would they want to subsidize our retirements?
I own TSM in my IRA.
the foreign tax withheld was from TSM.
on the landmarking front—-> LPC is NOT going to landmark the building downtown where mosque etc is proposed. Am sure FOX news will be stirring up this pot again tonight.
dibs, if you got any kind of global leaning to your portfolio, even in mutual funds, you get wacked with foreign tax. For me all my real money is in 401ks/IRAs, so nothing really happenes tax-wise. At least for now.
dibs, KMP was called one of the three best stocks in the world to own this AM by some guy on marketwatch, along with MCD and ABB.
I agree, MLPs are great to own, I have a handful myself and many are up over 50% in a year or so, not to mention the juicy yield.
I own BWP, KMP, L, LINE, and PGH.
Great time to fish for yield with some superb companies yielding over 4%, some a lot over.
When i have the time, I’ll go over my return and see where these things get reported, what forms/lines. Anything gas related is most likely partly Canadian and that’s where the foreign tax paid issue comes up.