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by DrMC
Sun Apr 19, 2015 5:06 pm
Forum: Canada / United States Tax & Accounting
Topic: IRS treatment of Canadian Insurance Seg fund
Replies: 0
Views: 2116

IRS treatment of Canadian Insurance Seg fund

My wife, a US citizen living in Canada has over $100k in a Canadian Sun Life seg fund. There are a few hundred dollars of capital gains and a few hundred dollars of dividends listed on the T3 that they issued. We have been told that they are not PFICs.

How does she declare this income and this fund ...