Author Topic: Fairfax India Trading Block  (Read 4930 times)

Jurgis

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Re: Fairfax India Trading Block
« Reply #20 on: February 23, 2020, 06:19:35 PM »
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.