Part7InfoToComplete8621

FDX / Data Structures / Part7InfoToComplete8621
Part 7, Info To Complete 8621, Part VII, Information Regarding Passive Foreign Investment Companies (PFICs), to complete Form 8621; Section 1, General Information, and Section 2, Additional Information on PFIC or Qualified Electing Fund (QEF)
Part7InfoToComplete8621 Properties
#IdTypeDescription
1alphaRowIdstringTable row identifier
2nameBusinessName
3einstringSections 1 and 2, column (b), Employer identification number (EIN)
4foreignEntityIdArray of stringSections 1 and 2, column (b), Reference ID
5usAddressAddress
6foreignAddressAddress
7taxYearBeginDateString
8taxYearEndDateString
9classOfShareCodestringSection 1, column (f), Description of each class of PFIC shares
10dateSharesAcquiredDateString
11totalPficSharesTaxYearEndCountnumberSection 1, column (h), Partner's share of total number of PFIC shares held by partnership at end of tax year
12totalPficSharesTaxYearEndnumberSection 1, column (i), Partner's share of total value of PFIC shares held by partnership at end of tax year
13partnershipElectionCodestringSection 1, column (j), Election made by partnership (enter code)
14qualifiedInsuranceCorpElectionbooleanSection 1, column (k), Qualified insurance corporation election - Foreign corporation has documented its eligibility to be treated as a qualifying insurance corporation under section 1297(f)(2)
15pficSharesMarketableStockbooleanSection 1, column (l), PFIC has indicated its shares are "marketable stock" within the meaning of section 1296(e)
16pficCfcUnderSection957booleanSection 1, column (m), PFIC is also a CFC within the meaning of section 957
17pficIncomeAssetTestMetSection1297abooleanSection 1, column (n), PFIC meets the income test or asset test of section 1297(a) for the final tax year
18ordinaryEarningsnumberSection 2, column (c), Partner's share of ordinary earnings
19netCapitalGainnumberSection 2, column (d), Partner's share of net capital gain
20fmvOfPficSharesTaxYearBeginnumberSection 2, column (e), Partner's share of Fair Market Value (FMV) of PFIC shares held by partnership at beginning of tax year
21fmvOfPficSharesTaxYearEndnumberSection 2, column (f), Partner's share of FMV of PFIC shares held by partnership at end of tax year
22sharesAcquiredDateDateString
23pficCashDistributedPropertyFmvnumberSection 2, column (h), Amount of cash and fair market value of property distributed by PFIC during the current tax year
24distributionDateDateString
25totalPficCreditableForeignTaxesDistributionnumberSection 2, column (j), Partner's share of total creditable foreign taxes attributable to distribtion by PFIC
26totalPficDistributionPrior3TaxYearsnumberSection 2, column (k), Partner's share of total distributions from PFIC in preceding 3 tax years
27dispositionDateDateString
28pficSharesDispositionRealizednumberSection 2, column (m), Partner's share of amount realized by partnership on disposition of PFIC shares
29pficSharesTaxBasisnumberSection 2, column (n), Partner's share of partnership's tax basis in PFIC shares on dates of disposition (including partner-specific adjustments)
30pficSharesDispositionGainLossnumberSection 2, column (o), Partner's share of gain (loss) on disposition by partnership of PFIC shares
Part7InfoToComplete8621 Usage:

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