TurboTax does not support Form 8621, unfortunately. In order to file free, you will need to download the form from the IRS website, fill it out and paper file along with your tax return.
To download, here is the link: https://www.irs.gov/forms-pubs/about-form-8621
To see if you are required to file, read here:
Per IRS, s U.S. person that is a direct or indirect shareholder of a passive foreign investment company (PFIC) is required to file a 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).
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