SusanY1
Expert Alumni

Deductions & credits

TurboTax does not support Form 8621.  However, if you are knowledgeable in how to complete the form, you may complete it manually and attach it to a tax return that you print and file by mail.   

 

If you are looking for the sales data from your foreign mutual fund for Form 8621 you may wish to see if the fund manager can provide it for you.  Some of the larger mutual fund and ETF families will produce "PFIC statements" to aid U.S. taxpayers with the reporting requirements related to passive foreign investments (PFICs). 

 

Typically, these are not sent out to individual shareholders, but are publicized on their investor websites.  This is typically done late March to early April.  


If your fund company cannot provide this information for you,  you may wish to seek the advice of a professional with expertise in this area. Mistakes with PFIC reporting can be quite costly and failing to include the form when required opens a taxpayer up to an essentially unlimited examination period for that tax return (until the issue is corrected).  

 

To enter the information without a 1099-B select "other" on the initial investment screen.  This will then allow you to enter the data without that form.  You will still be able to indicate that your investment is a mutual fund a little later.

 

See below for a screenshot of the most recent interface for this section.

 

 

@adele plunk

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