New portfolio feature with cash positions is missing a CRITICAL feature.
I like the Portfolio BETA from yesterday which introduces cash positions to Yahoo Portfolio. Automatically adding dividends has a big error though. I need to be able to set the withholding tax rate to dividends. I live in the country where we are taxed 15% on dividend income automatically in broker account, so if a company ABC pays a quaterly dividend of $1, I actually receive to my account $.85 . Please add this feature where I can set a withholding tax rate otherwise all the cash idea (a GREAT idea) is useless.
Peter H
shared this idea
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Dzianis Frydliand
commented
I agree with proposal, it is also actual for me. Basically, most of the people outside of U.S. will face similar issue based on local tax laws for capital gains, W-8BEN form status, etc.
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Alejandro Iván
commented
I agree with this. The withholding tax of 30% (which I do not get back because I live in another country) is a must for having a correct accounting for real dividend incomes. I just got paid a dividend which is supposed to be 6.41 USD, but I only get 4.49 USD because of the withholding tax, without being able to track it automatically.
Not to mention that this is separate from the actual taxes applied in my particular country for those 4.49 USD.