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Get your taxes done using TurboTax
I'm also looking for guidance. I purchased 4 mutual funds in India in Sep 2024 and so far haven't realized any gains via dividends or sold any funds. Do I need to file 8621 for 2024 tax return? If yes, how can I use QEF or section 1296 as it seems like a simple option?
I have statement from mutual funds which shows investment cost, current NAV on Dec 31st 2024 etc. Dividend paid is 0. I have unrealized gain on 3 funds and unrealized loss for 1 fund.
Appreciate the support.
-ma2025
‎February 28, 2025
5:54 PM