I have a followup question.
You said that: "You are only responsible for reporting on PFICs that you have owned since the date you became a U.S. person for tax purposes. In your case, this sounds like it would be 2017."
Does it mean that I am not responsible for reporting the PFIC that was acquired before I became a US person?
Those PFICs were reported to IRS in my 2018 tax return. However there were no transactions on it. Can I not report those in 2019? Is there a way to inform IRS that those PFICs were acquired before I became a US person?
thanks,
Shibu Pillai.
