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TurboTax does not support Form 8621 for 1291Tax.
You will need to complete your return in TurboTax, and print it. Then prepare the form separately and attach it to your return, per the IRS Instructions.
Here is a link to a fillable pdf of Form 8621: IRS Form 8621 pdf
Here is a link to the instructions: Form 8621 Instructions
Thanks - my question was about where to enter the amount of 1291 tax on the return (not about the attaching of the Form 8621), so that the tax amount can be included
It depends on where the tax is reported on Form 8621.
According to the IRS's Instructions for Form 1040, "Any tax from Form 8621, line 16e, relating to a section 1291 fund" should be entered on line 12a of Form 1040. "Check box 3 and enter the amount of the tax and “1291TAX” in the space next to that box."
But, "Any interest amount from Form 8621, line 16f, relating to distributions from, and dispositions of, stock of a section 1291 fund" would be entered on line 8 of Schedule 2, Additional Taxes. "Identify as “1291INT.”"
Appreciate your answer on where to enter 1291TAX (1040 Line 12a) and 1291INT (Schedule 2 line 8). But how do I enter to those lines in TurboTax?
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