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Get your taxes done using TurboTax
Thank you for your help Shirlyn. I learned that the PFIC capital gain should go on line 10 of schedule D. I clicked "Edit' on my Stocks, Mutual Funds and Bonds income tab. From there I was able to "Add More Sales" and I answered "No" when asked if I had a 1099-B. After entering a description (capital gain from QEF - form 8621) and gain details, I indicated the holding period was Long Term Box F (no 1099-B). This worked well and I now have the capital gain on schedule D. It would be nice if TurboTax could add form 8621to its product. It would be very easy for TurboTax's software to tie in 8621 and have it feed into Schedule D (for capital gains) and Schedule 1 (for ordinary income). This would also provide TurboTax customers the added benefit of being able to e-file.