Mutual Funds within RESP

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blairgoates
Posts: 48
Joined: Thu Apr 14, 2011 12:35 pm

Mutual Funds within RESP

Post by blairgoates »

I can't work my head around this...If I have mutual funds within a RESP do I complete 3520 and\or 8621 ?
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nelsona
Posts: 18680
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

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
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