08-01-2015, 02:05 PM
(08-01-2015, 12:49 PM)earthtodan Wrote:(07-31-2015, 11:16 PM)navyasw02 Wrote: Just realized ETN is a foreign stock, does that become a pain at tax time?
It's an extra step, although not really a pain in my experience using TurboTax. As long as I can reclaim the withholding at the end of the year, I pay it no mind for companies in my taxable account. A fraction of a dividend is a tiny amount of money anyway.
The funny thing about ETN is I believe they stated that 100% of dividends in 2015 would be paid as return of capital. I'd want to know more about that.
I've been a buyer of UTX at these levels. Just watch out for China.
Looks like the website says there's no Irish tax withholding so that's good. I might think about it this weekend and sell for UTX, that was another on my watch list as well after the massive drop last week.
On a bigger note, seems kinda sad that major companies founded in the US are moving overseas. Looks like STX is also in Ireland. Tax shelters maybe?