Treatment of United States Persons that Own Stock of PFIC

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nanic
Posts: 55
Joined: Mon Nov 21, 2011 2:26 pm

Treatment of United States Persons that Own Stock of PFIC

Post by nanic »

Here is some info I found on PFIC

Treatment of United States Persons that Own Stock of Passive Foreign Investment Companies Through Certain Organizations and Accounts that Are Tax Exempt

Notice 2014-28

Here is the link

http://www.irs.gov/pub/irs-drop/n-14-28.pdf
nelsona
Posts: 18358
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

This applies to US plans (notice the section numbers from the IRC, these correspond with various types that we are familiar with) . No Cdn plans fit that description.

RRSPs are specifically exempt because of the treaty.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
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