Recording foreign tax on a dividend
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Posted by Jane on May 24, 2004 at 11:45:11:
I own Royal-Dutch Petro ADRs. I just notice my brokerage withheld 15% from the latest dividend to pay foreign taxes, leaving me with 85%. Whats the best way to record this situation into Fund Manager? I don't revest my dividends, so dividends goes into my cash account. If I only record 85% of the dividend (the actual cash I received) then my cash account is correct, but my return on my Royal-Dutch stock is messed up as I should some how account for the 15% they took out.
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