Serbinski Accounting Firms

@Oceansunshine Since this is your first time reporting it (already sold) I am not sure what section you would fill out on form 8621. I used the Mark-to-Market section for 2011 but my mutual funds will not be liquidated until 2012 at which time I will again use the mark-to-market section - line 8 (&q...

CdnAmerican - thanks for the reply. You are right, the 8621 form really isn't that difficult (at least the mark-to-market election). I plan to liquidate my three litte accounts this year, file again next year, and be done with this.

Nevermind, I think I got it. What a hassle for such small amounts.

I am a Canadian citizen living in the U.S with permanet residence status. I have three accounts in Canada that each hold two mutual funds. These are non-RRSP accounts. My question: do I file one 8621 form for each account or do I file one form for each mutual fund? I will be electing to Mark-to-Mark...