SusanY1
Expert Alumni

Investors & landlords

My apologies for not being more clear.  You only report the transactions and income involving the PFICs from the date you became a U.S. person.  You do not have to report any transactions prior to the date that you became a resident for tax purposes. 

 

PFICs that you purchased prior to becoming a U.S. person are essentially treated as if you acquired them on that date. 

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