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Level 5
March 21, 2024
Question

PFIC Income

  • March 21, 2024
  • 0 replies
  • 14 views

The distributions of my PFIC show up on my 1099 form.  The PFIC also issues an Annual Information Statement that I am suppose to use to calculate my share of the PFIC's income.  Reporting both numbers would be double counting the income.  Am I suppose to use what is on my 1099 or do I report the income number I calculate using the Annual Information Statement?