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April 9, 2025
Question

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

  • April 9, 2025
  • 1 reply
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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?

    1 reply

    SusanY1
    April 9, 2025

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

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