Do any of the below apply to you? If so, you need to file Form 8621 (Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund). A U.S. person that is a direct or indirect shareholder of a passive foreign investment company (PFIC) files Form 8621 if they:
- Receive certain direct or indirect distributions from a PFIC.
- Recognize a gain on a direct or indirect disposition of PFIC stock.
- Are reporting information with respect to a QEF or section 1296 mark-to-market election.
- Are making an election reportable in Part II of the form.
- Are required to file an annual report pursuant to section 1298(f).
Complete a separate Part V for each excess distribution. The form and instructions are linked below. For Lines 15 and 16, the calculations are linked here.
Form 8621
Instructions for Form 8621
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