Pfic

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  • Florida_EA
    Senior Member
    • Aug 2017
    • 153

    #1

    Pfic

    A US partnership owns a small percent of another foreign partnership. The foreign partnership owns PFIC entities. The K-1 from the foreign partnership shows income from the PFIC entities but there is no Form 8621 attached. Should the US partnership prepare the Form 8621 and pass thru the PFIC income to the partners of the US Partnership?
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