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0 pointsCalRobert10mo ago0 comments

Not to mention pfic rules making simple index investing impossible.

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jwr10mo ago· 2 in thread

Does that affect individuals investing in ETFs through a brokerage account? I thought you only needed to provide information on the total value of each brokerage account?

CalRobertOP10mo ago

Yes it does, basically all foreign etf’s are PFICs.

jwr10mo ago

Oh this is even more terrible than I thought :-/

This means lots of additional reporting work plus 49€ per ETF yearly for tax preparers.

US really hates expats.

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