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Level 1
posted Apr 11, 2022 5:08:37 AM

Form 8621 Part I, Line 2: Multiple Dates When Shares Acquired

I must fill out Form 8621 due to multiple purchases and sales of a stock deemed as a PFIC.  The company recommends that US shareholders take the QEF election on this form.  In Part 1 (Summary of Annual Information) I will check box 5b and enter the total ordinary earnings and net capital gains allotted to my shares ($0 in my case).  I will also take election A in Part 2 (Elections) and enter in $0 for Part 3, lines 6a-7c based on info provided by the company.  My hang up at the moment is how to answer Part 1, Line 2:  Date shares acquired during the tax year, if applicable.  If I have many purchases during the tax year what do I enter here?

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1 Replies
Level 1
Apr 15, 2022 4:41:48 AM

As per is done for capital gains I will use "Various" for the "date shares acquired."  I don't have a definitive source backing this up, but this is the most logical approach I can see.