OTCQX:PMULF - Post by User
Post by
StormyDon Mar 25, 2019 12:59pm
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Post# 29532244
FYI: Collective Refund Mechanism: Screwed by the brokerages?
FYI: Collective Refund Mechanism: Screwed by the brokerages?Following message received from the RUF.UN:
For any over-withholding incurred on your distributions at year end, due to the Return of Capital portion, you shouldn’t be out any money at the end of the day since your broker (the “Withholding Agent”) has the ability to file a form with the IRS to claim this over-withholding back (“Collective Refund Mechanism”), which they can then redistribute back to all of their clients that incurred this during the tax year.