It depends on where the tax is reported on Form 8621.
According to the IRS's Instructions for Form 1040, "Any tax from Form 8621, line 16e, relating to a section 1291 fund" should be entered on line 12a of Form 1040. "Check box 3 and enter the amount of the tax and “1291TAX” in the space next to that box."
But, "Any interest amount from Form 8621, line 16f, relating to distributions from, and dispositions of, stock of a section 1291 fund" would be entered on line 8 of Schedule 2, Additional Taxes. "Identify as “1291INT.”"
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