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    Entering PFIC Capital Gain income from K-1

    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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    2 Comments 2
    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. 

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