Get your taxes done using TurboTax

You are correct, there are many taxpayers who receive various types of Foreign Income.  However, they are reporting it in other ways than on Form 8621 in TurboTax; such as in the Foreign Income section.

There are several types of foreign income that can be reported in this section. 

You may want to review the IRS Instructions for Form 8621 to verify that this applies to your situation, and that you are in fact, required to file this form.