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Investment in Indian mutual funds and Form 8621
Hi,
I invested in 4 Indian mutual funds in Sep 2025. My wife also invested in 4 other mutual funds in India. All mutual funds are traded in India and not available in US. For year ending on Dec 2025, we do not have any dividends and market value of most funds is less than purchase price. Total investment in 8 mutual funds is around USD $7,000.
For U.S tax returns -
1. Do we need to separately report holdings and unrealized gain/loss for each mutual fund?
2. Do we need to file form 8621 for each mutual fund?
3. I believe that we will need to share this info for FATCA compliance (disclosure only, no tax impact). Please confirm.
Appreciate the support from experts.
March 22, 2025
9:17 AM