According to IRS Instructions for 8621, a U.S. person that is a direct or indirect shareholder of a PFIC must file Form 8621 for each tax year under the following five circumstances if the U.S. person:
- Receives certain direct or indirect distributions from a PFIC,
- Recognizes gain on a direct or indirect disposition of PFIC stock,
- Is reporting information with respect to a Qualified Electing Fund (QEF) or section 1296 mark-to-market election,
- Is making an election reportable in Part II of the form, or
- Is required to file an annual report pursuant to section 1298(f). See the Part I instructions, later, for more information regarding the person that must file pursuant to section 1298(f).
It sounds like you are receiving distributions from the fund so you would need to file 8621 with your return. As far as determining the QEF or section 1296 market-to-market election, this would be information should be disclosed to you by your investment broker because this information will be asked when you fill out your 8621.
TurboTax does not support Form 8621 but you may download a copy here.
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