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Do you help US-based investors with PFIC taxation (see Steps 4 and 5 here)? (https://www.taxesforexpats.com/guides/passive-foreign-investment-company-8621.html
by nsenifty 4y ago
Do you help US-based investors with PFIC taxation (see Steps 4 and 5 here)? (https://www.taxesforexpats.com/guides/passive-foreign-investment-company-8621.html https://www.taxesforexpats.com/guides/passive-foreign-invest...).
This is a huge pain point for US persons investing in foreign mutual funds. This made me liquidate all my ETFs/mutual funds in India and move the money to individual stocks or property.
If you can make it easy for NRIs to invest in a basket of individual stocks, a NRI-friendly smallcase (https://www.smallcase.com/ https://www.smallcase.com/) if you will, that would be amazing.
- hemantgangolia 4y agoYes, we know about PFIC taxation and help investors with Mark-to-Market Accounting. Further, Inri provides tax support as part of the product offering, thereby abstracting the pain of tax reporting.
- nsenifty 4y agoThat's great! You should add that to your FAQs (spell it out specifically). How do you factor the US taxation at marginal rate (instead of the more favorable long term capital gain tax rate) factor into your ROI comparison between investing directly in India vs an US-based India fund (which enjoys all the tax benefits)?
- jagan120 4y agoArent ETFs tracking Indices a better option rather than Index Funds itself because of the PFIC rules?
- moneywoes 4y agoexactly, my cpa cited PFIC reporting rules as doubling the cost of my file
- 64bittechie 4y ago[dead]