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by shonnavalli
Sun Sep 26, 2010 5:54 pm
Forum: TAT Admin Office
Topic: US PFIC Taxation Summary by Bobus
Replies: -1
Views: 7

US PFIC Taxation Summary by Bobus

Hi Bobus- You mentioned a USC can avoid PFIC hassles by buying individual stocks. Can you please elaborate on this topic. So if PFIC does not apply how does a USC report gain/loss in 1040 when the position is liquidated. Also - I believe, a USC cannot open a DMAT a/c in India to buy stocks or mutual ...

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