Question

Form 8621 - Fillable Form - Return by a Shareholder of a PFIC or Qualified Electing Fund

Accepted Answer

To enter the information to complete Federal Form 8621 Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund, in the TaxAct program, follow the appropriate instructions below.

To access Form 8621 in the TaxAct program:

TaxAct Online Users Forms Method

From within your TaxAct Online return, click the Tools dropdown, then click Forms Assistant.
Click + next to the FEDERAL Forms manila folder (if that section is not already expanded).
Click + next to the Forms and Schedules manila folder (if that section is not already expanded).
Scroll down and click Form 8621 - Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund.
Click + Add to create a new copy of the form, or click Form to edit one that you already created.
Now you can enter your information directly onto the form.

TaxAct Desktop Users Forms Method

From within your TaxAct Desktop return, click Forms in the options bar to view the Forms Explorer (if it is not already visible).
Click Federal from the dropdown in forms explorer, then click the Forms and Schedules dropdown.
Scroll down and click Form 8621 and the form will appear in Forms View. If you already entered information on this form, the one that appears in Forms View will already have that information. If you want to create a new form, click + Add New in the new dropdown that appeared below Form 8621 in the Forms Explorer.
Now you can enter your information directly onto the form.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the webpage or document at the time it is accessed.