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Replies to #52 on Novartis (NVS)
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urche

10/31/10 10:12 PM

#54 RE: DewDiligence #52

taxes on foreign stocks.

The 15% tax on dividends certainly applies to numerous foreign stocks I have owned. But I can't recall an example of a dividend producing ADR in my portfolio, other than NVS--which I have not held long enough to get a dividend. So, I just want to be sure that ADRs are treated like foreign tickers such as the Canadian royalty trusts which usually trade on pink sheets with strange US tickers.

If so, it seems worth it to clean up the IRA portfolio by selling some foreign stocks that I am otherwise very happy holding.

Urche