Since <5k no need 8621 reporting, how to calculate the tax?
Does it follow standard long term gain? or shall i use pfic default rule 1291 sec when no reporting? assuming invested in long term.
thanks
sell a pfic but less than 5k, which rule to follow?
Moderator: Mark T Serbinski CA CPA
Not RRSP nor RESP, just foreign mutual fund.
forget to mention