diff --git a/beancount_import/source/schwab_csv.py b/beancount_import/source/schwab_csv.py
index 48609f11..e9309f6e 100644
--- a/beancount_import/source/schwab_csv.py
+++ b/beancount_import/source/schwab_csv.py
@@ -121,6 +121,7 @@ class SchwabAction(enum.Enum):
     JOURNAL = "Journal"
     STOCK_PLAN_ACTIVITY = "Stock Plan Activity"
     ADR_MGMT_FEE = "ADR Mgmt Fee"
+    FOREIGN_TAX_PAID = "Foreign Tax Paid"
 
 
 @dataclass(frozen=True)
@@ -212,6 +213,8 @@ def get_processed_entry(
                 fees_account=fees_account,
                 **shared_attrs,
             )
+        if self.action == SchwabAction.FOREIGN_TAX_PAID:
+            return TaxPaid(**shared_attrs)
         assert False, self.action
 
 
@@ -346,6 +349,15 @@ def get_narration_prefix(self) -> str:
         return "INVBANKTRAN"
 
 
+@dataclass(frozen=True)
+class TaxPaid(TransactionEntry):
+    def get_sub_account(self) -> Optional[str]:
+        return "Cash"
+
+    def get_narration_prefix(self) -> str:
+        return "INVBANKTRAN"
+
+
 @dataclass(frozen=True)
 class StockPlanActivity(TransactionEntry):
     symbol: str
diff --git a/testdata/source/schwab_csv/test_basic/import_results.beancount b/testdata/source/schwab_csv/test_basic/import_results.beancount
index 3b416c57..1dc3845b 100644
--- a/testdata/source/schwab_csv/test_basic/import_results.beancount
+++ b/testdata/source/schwab_csv/test_basic/import_results.beancount
@@ -1,3 +1,23 @@
+;; date: 2019-06-11
+;; info: {"filename": "<testdata>/test_basic/transactions/Intelligent_Transactions_20201115-180120.CSV", "line": 15, "type": "text/csv"}
+
+; features: [
+;             {
+;               "amount": "-1.05 USD",
+;               "date": "2019-06-11",
+;               "key_value_pairs": {
+;                 "desc": "NOKIA CORP FSPONSORED ADR 1 ADR REPS 1 ORD SHS"
+;               },
+;               "source_account": "Assets:Schwab:Intelligent-4321:Cash"
+;             }
+;           ]
+2019-06-11 * "INVBANKTRAN - NOKIA CORP FSPONSORED ADR 1 ADR REPS 1 ORD SHS"
+  Assets:Schwab:Intelligent-4321:Cash  -1.05 USD
+    date: 2019-06-11
+    schwab_action: "Foreign Tax Paid"
+    source_desc: "NOKIA CORP FSPONSORED ADR 1 ADR REPS 1 ORD SHS"
+  Expenses:FIXME                        1.05 USD
+
 ;; date: 2019-06-11
 ;; info: {"filename": "<testdata>/test_basic/transactions/Intelligent_Transactions_20201115-180120.CSV", "line": 14, "type": "text/csv"}
 
diff --git a/testdata/source/schwab_csv/test_basic/transactions/Intelligent_Transactions_20201115-180120.CSV b/testdata/source/schwab_csv/test_basic/transactions/Intelligent_Transactions_20201115-180120.CSV
index 3310621e..8122405e 100644
--- a/testdata/source/schwab_csv/test_basic/transactions/Intelligent_Transactions_20201115-180120.CSV
+++ b/testdata/source/schwab_csv/test_basic/transactions/Intelligent_Transactions_20201115-180120.CSV
@@ -13,4 +13,5 @@
 "12/20/2019","Special Dividend","IEMG","ISHARES CORE MSCI EMERGING ETF","","","","$156.87",
 "06/11/2019","Qualified Dividend","NOK","NOKIA CORP FSPONSORED ADR 1 ADR REPS 1 ORD SHS","","","","$6.32",
 "06/11/2019","ADR Mgmt Fee","NOK","NOKIA CORP FSPONSORED ADR 1 ADR REPS 1 ORD SHS","","","","-$0.47",
-Transactions Total,"","","","","","",-$8365.89
+"06/11/2019","Foreign Tax Paid","NOK","NOKIA CORP FSPONSORED ADR 1 ADR REPS 1 ORD SHS","","","","-$1.05"
+Transactions Total,"","","","","","",-$8366.94