Thank you for the reply Ralph. A simplified Form 8621 for QEF filers would help immensely and probably satisfy most 8621 filers. Honestly, all TurboTax really has to do is include the form and let the individual fill it out manually. For a QEF filer, this involves simply checking a box and entering their ordinary income on line 6a and their long term gain on line 7a. These numbers are calculated by the tax payer based on information supplied by the PFIC in the Annual Statement. For some PFIC's these two numbers are zero every year. It would be nice if TurboTax could then transfer the numbers we enter on Form 8621 to Schedule 1 (for the amount on line 6a of Form 8621) and to Schedule D, line 10 (for the amount on line 7a of Form 8621). Even if TurboTax doesn't do the transfer, it is easy for us to do it manually. The important thing is to have form 8621 included so it can be E-filed.
