How to Complete IRS Form 8621 - Mark to Market (MTM) Election

When a U.S. person holds stock in a Passive Foreign Investment Company (PFIC), there are required tax return disclosures and certain available elections.

If a U.S. person holds stock in a PFIC that is regularly traded on a public stock exchange, the person can make a Mark-to-Market (MTM) election for the PFIC.

QEF Election: https://youtu.be/7ZLJldaZTGY

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DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. Thank you.