All glossary terms
Glossary term
Mark-to-Market PFIC Election
Election under Section 1296 to use mark-to-market accounting for marketable PFIC stock.
Related terms
2
Jurisdictions
us
Definition
Section 1296 allows U.S. shareholders of marketable PFIC stock to make a mark-to-market election. Annual income inclusion equals the increase in FMV; losses are deductible to the extent of prior inclusions.
Examples
- A U.S. investor in publicly traded foreign mutual fund stock elects mark-to-market PFIC treatment.
Translations
ESelección PFIC mark-to-market
ZHPFIC按市值计价选举
DEPFIC-Mark-to-Market-Wahl
FRélection mark-to-market PFIC
JAPFIC時価評価選択
Citations
26 U.S.C. · 1296
Related citations
Computed from the cross-reference graph. Links open the related entity on this site.
This entry cites
Primary sources
- IRS Form 8621 instructionsVerified 2026-05-20
Important disclaimer
This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.