turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

nativi81
New Member

Form 3520

I have just a retirement account and life insurance policy with Prudential Financial Mexico. My contributions are invested in UDIS (Unidades de Inversión) by Prudential to protect against inflation, similar to TIPS (Treasury Inflation-Protected Securities). These contributions vary annually based on inflation adjustments, ensuring their purchasing power is maintained. The plan spans 10 years, during which I contribute, and afterward, I cease contributions and allow the funds to grow until retirement. This strategy aims to accumulate savings and provide long-term growth while safeguarding against inflation. I’m unsure if it’s considered  a foreign trust fund or a PFIC 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies