Where does Form 8621 income flow to on 1040? There were Capital Gains in 2020, but I'm not seeing where these are flowing through onto the 1040 income tax return.

kelly6 · ‎09-20-2021

TP has UK ISA, invested in a fund.

There was a distribution in 2020, so need to report the gain, but not seeing that it's actually flowed through on the 1040 somewhere automatically.

George4Tacks · ‎09-20-2021

Please define UK ISA. Distribution does not necessary mean income. Review the entries on the 8621 and go through the instructions for Form 8621 https://www.irs.gov/pub/irs-pdf/i8621.pdf

Answers are easy. Questions are hard!

Where does Form 8621 income flow to on 1040? There were Capital Gains in 2020, but I'm not seeing where these are flowing through onto the 1040 income tax return.

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