Deep Dives15 min read
What Is a Qualified Electing Fund (QEF) for PFICs?
Start by listing every non-U.S. fund, wrapper, and pooled vehicle you own, then treat each one as potential PFIC risk until issuer documentation proves otherwise. That gives you an evidence-based path to the next move: QEF, section 1296 mark-to-market, or whether you should exit or escalate.
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