IRS 8621

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Jolyfla
Posts: 3
Joined: Tue Oct 18, 2011 2:39 pm
Location: Ottawa, Ontario

IRS 8621

Post by Jolyfla »

I am a Canadian citizen living in Canada but was born in the US so I also have US citizenship. I have an account with Fidelity Investments Canada that holds 2 Mutual funds - Fidelity Northstar and Fidelity Canadian Balanced.

1. Do I need to complete an 8621 for each fund or can both funds be put on one 8621 since they are held in one account with Fidelity?

2. If I choose "Mark-to-Market", do I only complete Part I and Part III of the 8621?

3. Should I just attach the annual statement to provide the "additional information required?

Thanks for your help, Lynn
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