Hi, i am reading recently on how to handle the foreign investments in tax filing. I have a foreign bank account, inside which i brought and sold non-US listed foreign mutual funds, and i also received dividends from them.
There are some pages that says nearly all foreign mutual funds are somewhat falling into PFIC, such as this one. Is this statement correct?
When i search this forum on foreign mutual fund, i read answers like this one, but it doesn't mention anything about PFIC. How can i make sure it's correctly handled?
Thanks!