@Dan_ATO @Belinda_ATO @Jodie_ATO
Hi ATO team, I am a bit confused about how to get a refund of the over-withheld dividends tax from US stocks. I use a broker called 'eToro' and when eToro gives me dividends they do it with a 30% withholding tax rate and tell me I have to contact the local tax office to get the 15% off.
From my understanding, I thought ATO will be the one who will give me the tax refund, not the IRS. I thought when I fill in 'foreign income tax offset' information during tax time, ATO would refund me. but from the previous question I asked @BlakeATO answered that I need to talk to IRS. But, I have already received some of the dividends and just need to get a refund of the 15%. Do I still need to contact IRS?
Thanks a lot
(Also, I have checked IRS tax form 1042 and form 1042-S. They were way too complicated for me to understand all the codes and terms. I need some help)
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