willatbird
Level 5
‎09-14-2021 07:44 PM

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? 

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PhoebeRoberts
Level 11
Level 11
‎09-15-2021 09:33 AM

I personally enter it on 9a.

willatbird
Level 5
‎09-15-2021 09:35 AM

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