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Federal Free Printable Form 8621 (Rev. December 2018) for 2019 Federal Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund

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Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund
Form 8621 (Rev. December 2018)

Form 8621 (Rev. December 2018) Department of the Treasury Internal Revenue Service Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund ▶ OMB No. 1545-1002 Attachment Sequence No. 69 Go to www.irs.gov/Form8621 for instructions and the latest information. Name of shareholder Identifying number (see instructions) Number, street, and room or suite no. If a P.O. box, see instructions. Shareholder tax year: calendar year 20 beginning , 20 or other tax year and ending , 20 . City or town, state, and ZIP code or country Check type of shareholder filing the return: Individual Corporation Partnership S Corporation Check if any Excepted Specified Foreign Financial Assets are reported on this form. See instructions . . . . . Nongrantor Trust . . . . . . . Estate . Qualifying Insurance Corporation Election—I, a shareholder of stock of a foreign corporation, elect to treat such stock as the stock of a Qualifying Insurance Corporation under the alternative facts and circumstances test within the meaning of section 1297(f)(2). See instructions . . . . . Name of foreign corporation, passive foreign investment company (PFIC), or qualified electing fund (QEF) Employer identification number (if any) Address (Enter number, street, city or town, and country.) Reference ID number (see instructions) Tax year of foreign corporation, PFIC, or QEF: calendar year 20 or other tax year beginning and ending Part I , 20 , 20 . Summary of Annual Information (see instructions) Provide the following information with respect to all shares of the PFIC held by the shareholder: 1 Description of each class of shares held by the shareholder: Check if shares jointly owned with spouse. 2 Date shares acquired during the tax year, if applicable: 3 Number of shares held at the end of the tax year: 4 Value of shares held at the end of the tax year (check the appropriate box, if applicable): $0–50,000 (b) (a) $50,001–100,000 (c) $100,001–150,000 (d) $150,001–200,000 (e) If more than $200,000, list value: 5 Type of PFIC and amount of any excess distribution or gain treated as an excess distribution under section 1291, inclusion under section 1293, and inclusion or deduction under section 1296 (check all boxes that apply): (a) Section 1291 $ $ Section 1293 (Qualified Electing Fund) (b) $ Section 1296 (Mark to Market) (c) Part II Elections (see instructions) A Election To Treat the PFIC as a QEF. I, a shareholder of a PFIC, elect to treat the PFIC as a QEF. Complete lines 6a through 7c of Part III. B Election To Extend Time For Payment of Tax. I, a shareholder of a QEF, elect to extend the time for payment of tax on the undistributed earnings and profits of the QEF until this election is terminated. Complete lines 8a through 9c of Part III to calculate the tax that may be deferred. Note: If any portion of line 6a or line 7a of Part III is includible under section 951, you may not make this election. Also, see sections 1294(c) and 1294(f) and the related regulations for events that terminate this election. C Election To Mark-to-Market PFIC Stock. I, a shareholder of a PFIC, elect to mark-to-market the PFIC stock that is marketable within the meaning of section 1296(e). Complete Part IV. D Deemed Sale Election. I, a shareholder on the first day of a PFIC’s first tax year as a QEF, elect to recognize gain on the deemed sale of my interest in the PFIC. Enter gain or loss on line 15f of Part V. E Deemed Dividend Election. I, a shareholder on the first day of a PFIC’s first tax year as a QEF that is a controlled foreign corporation (CFC), elect to treat an amount equal to my share of the post-1986 earnings and profits of the CFC as an excess distribution. Enter this amount on line 15e of Part V. If the excess distribution is greater than zero, also complete line 16 of Part V. F Election To Recognize Gain on Deemed Sale of PFIC. I, a shareholder of a former PFIC or a PFIC to which section 1297(d) applies, elect to treat as an excess distribution the gain recognized on the deemed sale of my interest in the PFIC on the last day of its last tax year as a PFIC under section 1297(a). Enter gain on line 15f of Part V. G Deemed Dividend Election With Respect to a Section 1297(e) PFIC. I, a shareholder of a section 1297(e) PFIC, within the meaning of Regulations section 1.1297-3(a), elect to make a deemed dividend election with respect to the Section 1297(e) PFIC. My holding period in the stock of the Section 1297(e) PFIC includes the CFC qualification date, as defined in Regulations section 1.1297-3(d). Enter the excess distribution on line 15e, Part V. If the excess distribution is greater than zero, also complete line 16, Part V. Deemed Dividend Election With Respect to a Former PFIC. I, a shareholder of a former PFIC, within the meaning of Regulations section 1.1298-3(a), elect to make a deemed dividend election with respect to the former PFIC. My holding period in the stock of the former PFIC includes the termination date, as defined in Regulations section 1.1298-3(d). Enter the excess distribution on line 15e, Part V. If the excess distribution is greater than zero, also complete line 16, Part V. H For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 64174H Form 8621 (Rev. 12-2018) Form 8621 (Rev. 12-2018) Part III 6a b c 7a Page All QEF shareholders complete lines 6a through 7c. If you are making Election B, also complete lines 8a through 9c. See instructions. Enter your pro rata share of the ordinary earnings of the QEF . . . . . 6a . Enter the portion of line 6a that is included in income under section 951 or that 6b may be excluded under section 1293(g) . . . . . . . . . . . . Subtract line 6b from line 6a. Enter this amount on your tax return as ordinary income . Enter your pro rata share of the total net capital gain of the QEF . . . . . 7a . . . . . . . 6c b Enter the portion of line 7a that is included in income under section 951 or that may be excluded under section 1293(g) . . . . . . . . . . . . c Subtract line 7b from line 7a. This amount is a net long-term capital gain. Enter this amount in Part II of the Schedule D used for your income tax return. See instructions . . . . . . . . . . . . . . . Complete lines 8 and 9 only if you are making a section 1294 election (Election B) for the current tax year. 7c Add lines 6c and 7c 8a 7b . . . . . 8a b Enter the total amount of cash and the fair market value of other property distributed or deemed distributed to you during the tax year of the QEF. See instructions . . c Enter the portion of line 8a not already included in line 8b that is attributable to shares in the QEF that you disposed of, pledged, or otherwise transferred during the tax year 8c Add lines 8b and 8c . . . . . . . . . . . . . . . . . . . . . . . Subtract line 8d from line 8a, and enter the difference (if zero or less, enter amount in brackets) . . . . . . . . . 8d d e 2 Income From a Qualified Electing Fund (QEF). . . . . . . . . . . . . . . . . . . . . . . 8b 8e Important: If line 8e is greater than zero, and no portion of line 6a or 7a is includible in income under section 951, you may make Election B with respect to the amount on line 8e. 9a Enter the total tax for the tax year. See instructions . . . . . . . . 9a . b Enter the total tax for the tax year determined without regard to the amount entered on line 8e . . . . . . . . . . . . . . . . . . . c Subtract line 9b from line 9a. This is the deferred tax, the time for payment of which is extended by making Election B. See instructions . . . . . . . . . . . . . . . . . . . . . . Part IV 10a b c 11 12 9b Gain or (Loss) From Mark-to-Market Election (see instructions) Enter the fair market value of your PFIC stock at the end of the tax year . Enter your adjusted basis in the stock at the end of the tax year . . . . . . . . . . . . . . . . . . . . . . . . . Subtract line 10b from line 10a. If a gain, do not complete lines 11 and 12. Include this amount as ordinary income on your tax return. If a loss, go to line 11 . . . . . . . . . . . . . . . . . . . Enter any unreversed inclusions (as defined in section 1296(d)) . . . . . . . . . . . . . . 9c 10a 10b 10c 11 Enter the loss from line 10c, but only to the extent of unreversed inclusions on line 11. Include this amount as an ordinary loss on your tax return . . . . . . . . . . . . . . . . . . . . . . . If you sold or otherwise disposed of any section 1296 stock (see instructions) during the tax year: Enter the fair market value of the stock on the date of sale or disposition . . . . . . . . . . . 13a b Enter the adjusted basis of the stock on the date of sale or disposition 13b c Subtract line 13b from line 13a. If a gain, do not complete line 14. Include this amount as ordinary income on your tax return. If a loss, go to line 14 . . . . . . . . . . . . . . . . . . . . . . Enter any unreversed inclusions (as defined in section 1296(d)) . . . . . . . . . . . . . . 13c 14a b Enter the loss from line 13c, but only to the extent of unreversed inclusions on line 14a. Include this amount as an ordinary loss on your tax return. If the loss on line 13c exceeds unreversed inclusions on line 14a, complete line 14c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14b c Enter the amount by which the loss on line 13c exceeds unreversed inclusions on line 14a. Include this amount on your tax return according to the rules generally applicable for losses provided elsewhere in the Code and regulations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Note: See instructions in case of multiple sales or dispositions. 13 a 14a . . . . . . . . . . . . 12 14c Form 8621 (Rev. 12-2018) Form 8621 (Rev. 12-2018) Part V 15a Page Enter your total distributions from the section 1291 fund during the current tax year with respect to the applicable stock. If the holding period of the stock began in the current tax year, see instructions . . . . 15a b Enter the total distributions (reduced by the portions of such distributions that were excess distributions but not included in income under section 1291(a)(1)(B)) made by the fund with respect to the applicable stock for each of the 3 years preceding the current tax year (or if shorter, the portion of the shareholder’s holding period before the current tax year) . . . . . . . . . . . . . . . . . . . . . . . . . c d Divide line 15b by 3.0. (See instructions if the number of preceding tax years is less than 3.) . Multiply line 15c by 125% (1.25) . . . . . . . . . . . . . . . . . . e Subtract line 15d from line 15a. This amount, if more than zero, is the excess distribution with respect to the applicable stock. If there is an excess distribution, complete line 16. If zero or less and you did not dispose of stock during the tax year, do not complete the rest of Part V. See instructions if you received more than one distribution during the current tax year. Also, see instructions for rules for reporting a nonexcess distribution on your income tax return . . . . . . . . . . . . . . . . . . . . . . . . . . 15e f Enter gain or loss from the disposition of stock of a section 1291 fund or former section 1291 fund. If a gain, complete line 16. If a loss, show it in brackets and do not complete line 16 . . . . . . . . . . . 15f . . . . . . . . . . 15b 15c 15d 16a If there is a positive amount on line 15e or 15f (or both), attach a statement for each excess distribution and disposition. Show your holding period for each share of stock or block of shares held. Allocate the excess distribution or gain to each day in your holding period. Add all amounts that are allocated to days in each tax year. b Enter the total of the amounts determined in line 16a that are allocable to the current tax year and tax years before the foreign corporation became a PFIC (pre-PFIC years). Enter these amounts on your income tax return as other income 16b c Enter the aggregate increases in tax (before credits) for each tax year in your holding period (other than the current tax year and pre-PFIC years). See instructions . . . . . . . . . . . . . . . . . Foreign tax credit (see instructions) . . . . . . . . . . . . . . . . . . . . . . Subtract line 16d from line 16c. Enter this amount on your income tax return as “additional tax.” See instructions 16c 16d 16e Determine interest on each net increase in tax determined on line 16e using the rates and methods of section 6621. Enter the aggregate amount of interest here. See instructions . . . . . . . . . . . . . 16f d e f 3 Distributions From and Dispositions of Stock of a Section 1291 Fund (see instructions) Complete a separate Part V for each excess distribution and disposition. See instructions. Form 8621 (Rev. 12-2018) Form 8621 (Rev. 12-2018) Part VI Page 4 Status of Prior Year Section 1294 Elections and Termination of Section 1294 Elections Complete a separate column for each outstanding election. Complete lines 17 through 20 to report the status of outstanding prior year section 1294 elections. (i) 17 Tax year of outstanding election . . . . . . . 18 Undistributed earnings to which the election relates . 19 Deferred tax 20 Interest accrued on deferred tax (line 19) as of the filing date . . . . (ii) (iii) (iv) (v) (vi) . Complete lines 21 through 24 only if a section 1294 election is terminated in the current year. 21 Event terminating election 22 Earnings distributed or deemed distributed during the tax year . . . . . . . 23 Deferred tax due with this return . . . . . . 24 Accrued interest due with this return. . . . . . . . . . Complete lines 25 and 26 only if there is a partial termination of a section 1294 election in the current tax year. 25 Deferred tax outstanding after partial termination of election. Subtract line 23 from line 19 . 26 Interest accrued after partial termination of election. Subtract line 24 from line 20 . Form 8621 (Rev. 12-2018)
Extracted from PDF file 2018-federal-form-8621.pdf, last modified December 1969

More about the Federal Form 8621 Other TY 2018

We last updated the Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund in December 2018, so this is the latest version of Form 8621, fully updated for tax year 2018. You can download or print current or past-year PDFs of Form 8621 directly from TaxFormFinder. You can print other Federal tax forms here.

Related Federal Other Forms:

TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Federal Form 8621.

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Form 8621-A Return by a Shareholder Making Certain Late Elections To End Treatment as a Passive Foreign Investment Company

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Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 8621 from the Internal Revenue Service in December 2018.

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Historical Past-Year Versions of Federal Form 8621

We have a total of seven past-year versions of Form 8621 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2018 Form 8621

Form 8621 (Rev. December 2018)

2017 Form 8621

Form 8621 (Rev. December 2016)

2016 Form 8621

Form 8621 (Rev. December 2016)

Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund 2015 Form 8621

Form 8621 (Rev. December 2015)

Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund 2014 Form 8621

Form 8621 (Rev. December 2014)

Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund 2012 Form 8621

Form 8621 (Rev. December 2011)

Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund 2011 Form 8621

Form 8621 (Rev. December 2011)


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