Dear All,
A person with United states Company shares sold the same and the capital gain has been arrived by the broker itself in $. But he has also shared a form 1099 B in which for one particular sales, federal tax has been withheld @ 24% of sale value. It is written as Transactions for which basis is not reported to the IRS and Term is Unknown. Now how to claim the refund or relief for this?
I think it is because broker says he doesnt have cost information, where as in another statement by broker has the sale, cost and capital gain details. so now as per DTAA for capital gain there is not tax rate. so how to get the credit of this?