DFTax
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03-14-2021
04:02 PM
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Does anyone have experience entering PFIC income with QEF election in Pro Series? I can enter the taxpayer share of PFIC earnings on Form 8621, but not sure what to do with the Dividend income reported on 1099 that is NOT taxable to the shareholder. Do I simply exclude it? Or somehow note the amount excluded and why? Thanks for any input!
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