I think my reasoning below follows along with this thread. I see that there are many discussions on this topic, I've read through some but I need to keep reading. I think my situation (a foreign income number that doesn't make sense to me) is a bit different from the ones I've seen (a foreign income number that isn't there). Anyway:
I have this 1099 page from Robinhood for Global X Uranium ETF. I'm a little confused. I see a few pieces of information and I'm not smart enough to see how they fit together. Can anyone help me figure it out?
I have this 1099 page from Robinhood for Global X Uranium ETF. I'm a little confused. I see a few pieces of information and I'm not smart enough to see how they fit together. Can anyone help me figure it out?
- It shows foreign income as 73.53. This is equal to my total income from this ETF.
- It shows foreign tax as 0.60. That seems pretty low for an income of 73.53.
- It shows the country as Canada for the interest income (0.05), but the country for the dividend income (most of it) is blank. It also shows a line for Canada total, which only includes the interest.
- In the page before that, it says that the "Fgn Source Inc Tot" for this ETF is 10.65%.
- Looking at the holdings for URA, there is at least one NYSE-listed US-based company in there.
- I also have 2.11 in income from this ETF on my 1099-MISC, payment in lieu of dividend. I don't think that makes a difference to anything.
- #2-5 Make it seem like the foreign portion of my income from this ETF should not be the whole thing. But #1 makes it sound like it is the whole thing.
- Also, #4 makes it sound like the foreign portion should be about 10%, but #5 makes it sound like it should be a lot more than that.
- #5 makes it seem like most of the foreign income should go to Canada, but #3 has that seemingly blank country field.
Statistics: Posted by HeadMastodon — Thu Apr 11, 2024 12:54 pm — Replies 0 — Views 41