All glossary terms
Glossary term
QEF Election (Qualified Electing Fund)
An election under Section 1295 to include PFIC earnings currently and avoid Section 1291 punitive treatment.
Related terms
2
Jurisdictions
us
Definition
The QEF election under Section 1295 requires current inclusion of pro rata share of PFIC ordinary earnings and net capital gain. It requires the PFIC to provide Annual PFIC Statement.
Examples
- A U.S. individual investor in a foreign mutual fund makes a QEF election to avoid Section 1291 excess-distribution treatment.
Translations
ESelección QEF
ZHQEF选举
DEQEF-Wahl
FRélection QEF
JAQEF選択
Citations
26 U.S.C. · 1295
Related citations
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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.