Decided to open a brokerage account with Vanguard and went with VTI and VXUS. I will not be selling any shares for many years. What new tax forms will I have to use now that I've done this? I've read there is a foreign tax credit that may now be available to me but is there anything else I should be aware of? I only plan on adding money to this in the future.
If you weren't expecting to sell any of the shares for decades, would you just keep both set to reinvest dividends and capital gains?
I intend to rebalance through future investments with my other accounts (401k and Roth IRA), so reinvesting dividends and capital gains in the taxable brokerage is okay right? Thanks for your time.