10-29-2018, 03:28 PM
Can someone who actually owns some BUD walk me through how this works?
Here's my rudimentary assumption: They issue the dividend in euros, withhold X percent in the case of shares associated with ADRs, convert to USD, and that's my dividend? Which, if I hold the ADR in a taxable account, is then subject to my regular US taxes?
I've read that the "X" in the equation above is 15 percent in the case of US and Canadian residents. If that is correct, do they simply withhold that 15 percent? Or do they take 27 or 30 percent, and then I've got to add paperwork to my taxes to "claim" the difference?
Thanks!
Here's my rudimentary assumption: They issue the dividend in euros, withhold X percent in the case of shares associated with ADRs, convert to USD, and that's my dividend? Which, if I hold the ADR in a taxable account, is then subject to my regular US taxes?
I've read that the "X" in the equation above is 15 percent in the case of US and Canadian residents. If that is correct, do they simply withhold that 15 percent? Or do they take 27 or 30 percent, and then I've got to add paperwork to my taxes to "claim" the difference?
Thanks!