https://ttlc.intuit.com/community/taxes/discussion/pfic-income/01/3273277#M1204354 <P>The distributions of my PFIC show up on my 1099 form.&nbsp; The PFIC also issues an Annual Information Statement that I am suppose to use to calculate my share of the PFIC's income.&nbsp; Reporting both numbers would be double counting the income.&nbsp; Am I suppose to use what is on my 1099 or do I report the income number I calculate using the Annual Information Statement?</P> Wed, 11 Feb 2026 05:35:32 GMT MAC18 2026-02-11T05:35:32Z https://ttlc.intuit.com/community/taxes/discussion/pfic-income/01/3273277#M1204354 <P>The distributions of my PFIC show up on my 1099 form.&nbsp; The PFIC also issues an Annual Information Statement that I am suppose to use to calculate my share of the PFIC's income.&nbsp; Reporting both numbers would be double counting the income.&nbsp; Am I suppose to use what is on my 1099 or do I report the income number I calculate using the Annual Information Statement?</P> Wed, 11 Feb 2026 05:35:32 GMT https://ttlc.intuit.com/community/taxes/discussion/pfic-income/01/3273277#M1204354 MAC18 2026-02-11T05:35:32Z