What type of entity are shares?

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Mach7
Posts: 166
Joined: Sun Dec 11, 2011 3:19 pm

What type of entity are shares?

Post by Mach7 »

Just trying to figure out what the IRS considers shares held in a Canadian company for the 8938 form...here are my choices;

partnership, corporation, trust, estate, pfic
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Mach7
Posts: 166
Joined: Sun Dec 11, 2011 3:19 pm

Post by Mach7 »

In addition to the original thread, i have claimed my divident payment on shcedule B of my 1040 (24 dollars). But if the is considered a PFIC or even a TRUST do i have to fill additional paperwork out?
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Mach7
Posts: 166
Joined: Sun Dec 11, 2011 3:19 pm

Post by Mach7 »

i will clarify the above post(s) that i did recieve a t5 slip on this share account..it is actually a company employee share ownership program....

so possibly they would consider this a 'trust'?
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