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Re: Honeycomb777 post# 107599

Sunday, 06/14/2020 8:39:21 PM

Sunday, June 14, 2020 8:39:21 PM

Post# of 140502
#3 HC..


A U.S. person that is a direct or indirect shareholder of a passive foreign investment company (PFIC) files Form 8621 if they:

1. Receive certain direct or indirect distributions from a PFIC.

2. Recognize a gain on a direct or indirect disposition of PFIC stock.

3. Are reporting information with respect to a QEF or section 1296 mark-to-market election.

4. Are making an election reportable in Part II of the form.

5. Are required to file an annual report pursuant to section 1298(f).