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tax backup withholding

tax backup withholding# Stock

s*g2015-06-22 07:06

1 楼

TDAmeritrade got 28% of the stock sell to IRS from my account (a lot of
money for me!!!). Wonder if this money can be refundable? What exactly the
backup withholding is?

K*k2015-06-22 07:06

2 楼

报税时候能全部拿回来，就是现在到手的少有些吃亏。

K*k2015-06-22 07:06

3 楼

You probably need update W-9 or W-8 form with your broker to avoid backup
withholding.

s*g2015-06-22 07:06

4 楼

Thanks. TDAmeritrade should ask for W-9 in the first place to avoid it. I
feel they are not caring much on client's feeling. Anyone has such
experiences? Wanted to switch.