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- Entering PFIC Capital Gain income from K-1
Entering PFIC Capital Gain income from K-1
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willatbird
Level 5
09-14-2021
07:44 PM
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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
09-15-2021
09:33 AM
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I personally enter it on 9a.
willatbird
Level 5
09-15-2021
09:35 AM
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Thanks. After scrutinizing the instructions for the PFIC form that seems to put it where it's supposed to land.
