Entering PFIC Capital Gain income from K-1

willatbird · ‎09-14-2021

11I shows PFIC income split into Ordinary Income and Capital Gains. Notes say specifically that the partnership has made the PFIC election and a form 8621 is not necessary for my client. Is it OK to enter the Capital Gain income on line 9a? Is there a better place to enter it?

PhoebeRoberts · ‎09-15-2021

I personally enter it on 9a.

willatbird · ‎09-15-2021

Thanks. After scrutinizing the instructions for the PFIC form that seems to put it where it's supposed to land.