Mutual Funds within RESP
Moderator: Mark T Serbinski CA CPA
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- Posts: 48
- Joined: Thu Apr 14, 2011 12:35 pm
Mutual Funds within RESP
I can't work my head around this...If I have mutual funds within a RESP do I complete 3520 and\or 8621 ?
Since an RESP is a trust that has been accorded NO special status, you are required to file 3520 because it is a trust, and PFIC forms for each mutual fund it holds.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best