sombra55
New Member

Get your taxes done using TurboTax

How do I know what prompted Form 8621? I have no idea why it is being required. The T.T. software says something about Information of a passive shareholder of a passive foreign investment company or qualified electing fund. None of which I have. Where in the 1040 form is this issue addressed where it would flag those issues to require me to file a form 8621 Net capital gain?