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Author Topic: Fairfax India Trading Block  (Read 6076 times)

Jurgis

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Re: Fairfax India Trading Block
« Reply #20 on: February 23, 2020, 06:19:35 PM »
Quote from: vinod1 on February 23, 2020, 04:58:33 AM
Jurgis & MOPHF,

Thanks for the info.

So it looks like neither 401k or an IRA is directly mentioned by IRS as being exempted. I will post if I find any confirmation.

Vinod

There is this thread and some reports/links in it:

https://www.cornerofberkshireandfairfax.ca/forum/general-discussion/pfic-classification-for-us-investors/msg260920/#msg260920

It's possibly not definitive though.
FWIW.
« Last Edit: February 23, 2020, 06:24:36 PM by Jurgis »
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TwoCitiesCapital

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Re: Fairfax India Trading Block
« Reply #21 on: February 24, 2020, 08:15:04 AM »
I've previously posted links from one of the big 4 auditing firms as well as clarification from the IRS itself that imply retirement accounts are not included in PFIC reporting/tax guidelines.

That being said, I can't find the posts to give you the direct links.
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My Own Personal Hedge Fun

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Re: Fairfax India Trading Block
« Reply #22 on: April 06, 2020, 12:19:50 PM »
Just tried again with both Fairfax and Fairfax India and online orders are allowed again. Suspected with the updated annual report that the situation might have changed.

Of course, not so sure I want to buy or sell. Unfortunately, feel like this one is not something I understand well enough, which is a good argument for selling.
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