# W-8BEN on your own & 30% withhold **URL:** \ **Category:** Investing / Brokers\ **Created:** [December 16, 2019, 8:57pm UTC](https://forum.mustachianpost.com/t/w-8ben-on-your-own-30-withhold/2924 "2019-12-16T20:57:06Z")\ **Posts on this page:** 1\ **Showing post:** 18
**Author:** ![Frank](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/f/3d9bf3/32.png) [@Frank](https://forum.mustachianpost.com/u/Frank)\ **Post date:** [December 17, 2019, 3:33pm UTC](https://forum.mustachianpost.com/t/w-8ben-on-your-own-30-withhold/2924/18 "2019-12-17T15:33:13Z")
> [@pandas](#): > > If broker is not qualified, all 30% would be withheld in favor of the US. You get just 15% back from the swiss by filing DA-1, and have to beg IRS for the remaining 15% - by filing non resident tax return, and beware of tight deadlines, March or so. > > “R-US 164” is only for the qualified intermediary case, when the extra 15% are withheld for the swiss (“Zusätzlicher Steuerrückbehalt”), and in many cantons (e.g. ZH) you don’t need it, instead you claim both halves of 30% directly with DA-1. This seems to be right! So, I called both Postfinance and TradeDirect. TradeDirect is a QI and will do a W-8BEN. So I’ll have 15% withheld by US and 15% withheld by CH. It seems (but not sure) I should be able to recover both with tax return. PostFinance is NOT a QI. So I’ll get 30% deducted by US. I’ll be able to get back only 15% from Swiss authorities, and need to go to IRS to get the remaining 15%. I think that TradeDirect may be a good option for diversification: a bit expensive with 108CHF annual custody fee, but it’s “AA” rated and Swiss based, which is very good for diversification with respect to a US broker. Also, I think that IRS tax return (for non-QI case) would be a lot of paperwork. Any experience on this? Good thread! Thanks! --- _[View the full topic](https://forum.mustachianpost.com/t/w-8ben-on-your-own-30-withhold/2924)._