While most clubs who have invested in foreign stocks in the past will be familiar with a fee or tax being applied to each dividend, the club may not be familair with seeing a charge that is unconnected to any dividend.
Depending on the broker, the charge might show up as may show up an ADR management fee , Foreign transaction tax, Foreign Financial Transaction Fee, or similar name.
Regardless of the name, the transaction can be entered simply as an expense in our accounting system.
* In myICLUB.com, go to ACCOUNTING > CASH ACCOUNT> EXPENSES
If you find that you do need to enter a foreign tax transaction, we have steps available:
