Originally Posted by rnilesh99
How can I claim such foreign tax withheld when dividend is paid in an IRA or a regular investment account?
As said previously, at least a portion of foreign dividend withholding tax can be recovered. To avoid double taxation, the IRS allows taxpayers to claim either a deduction or a credit on their tax returns to make up for some of their foreign taxes. shares held in IRAs are not eligible for this tax recovery and investors should consider this when deciding what to put in their IRA. One of the best ways to avoid dividend withholding tax is to invest in countries without such a tax. some countries , india or singapore UK,don't withhold foreign investors' dividends. however, there is always a risk that these tax policies could change as these countries look for additional revenue but for now they allow U.S. residents to easily avoid dividend withholding taxes.Unless it is US tax withheld /charged when a dividend paid by a foreign firm, US tax law is beyond this situation.
so once the foreign firm charges tax on the portfolio income, you , I guess, may claim the tax paid to foreign portfolio income on your return.