Serbinski Accounting Firms

CdnAmerican wrote:
> Probably others can help more than I for #1, but I think that for #2, you
> could compute the change in value in US$ (which may be quite different than
> in the investment's currency), and then count it as income under
> mark-to-market. That's what I do with my Cdn mutual funds ...

Can anyone help with this?

MGeorge wrote:
> Hello,
>
> To my knowledge Tangerine investment funds won't provide you with the
> required PFIC annual information statement needed to make a QEF election.
> You can 1 of 2 things. Make a mark-to-market election, or stick with the
> default treatment.
> The nice thing about ...

Hello all,

I'm a Canadian citizen that's living in the US and doing my US taxes as a resident alien for the first time. I just found this forum and thought it can help me with form 8621.

I have two investments that I think require form 8621:

1. Tangerine TFSA investment fund:
◇ ~10k cash. 1 ...