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Level 5
posted Mar 22, 2024 10:44:20 AM

Distributions in excess of basis

I have distributions from a PFIC that are in excess of my basis.  Do I report this as a capital gain distribution, and if so, how do I do that in TurboTax.  Do I report the gain on form 8621 or does the gain go to schedule D only?  I suspect it needs to go on both forms but not I am not sure how to get it on my schedule D using TurboTax since it is not coming off a 1099.

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