DaveF1006
Expert Alumni

Deductions & credits

The Central Provident Fund (CPF) is a mandatory social security savings scheme in Singapore, primarily designed to help residents save for retirement, healthcare, and housing. It is not typically classified as a Passive Foreign Investment Company (PFIC) or a Qualified Electing Fund (QEF) under U.S. tax law and shouldn't require an 8621 even if there is stock trading within the fund.

 

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