2013 - 2015
Basic Example
How to CalculateForm 8621 - Line 15
Mary Beth Lougen EA USTCPChief Operating Officer – Expat Tax Tools
[email protected] (844) 312-8670 ext. 402
www.f8621.com www.expattaxtools.com
PAGE 1 OF 34
Transaction Summary
Date Transaction Type Units USD 2013-10-01 Purchase 1,000.0000 10,000.00 2013-12-29 Dividend Distribution 50.00 2013-12-31 Return of Capital Distribution 200.00 2014-03-29 Dividend Distribution 50.00 2014-06-29 Dividend Distribution 50.00 2014-09-29 Dividend Distribution 50.00 2014-12-29 Dividend Distribution 50.00 2014-12-31 Return of Capital Distribution 300.00 2015-03-29 Dividend Distribution 50.00 2015-06-29 Dividend Distribution 50.00 2015-09-29 Dividend Distribution 50.00 2015-12-29 Dividend Distribution 50.00 2015-12-31 Return of Capital Distribution 300.00
Additional Information
2013 Annualized Distribution per unit: information not available 2013 Fair Market Value (FMV) on Dec 31: $ 10,000.00 2014 Fair Market Value (FMV) on Dec 31: $ 10,000.00 2015 Fair Market Value (FMV) on Dec 31: $ 10,000.00
PAGE 2 OF 34
Basic Example
2013 Section 1291 Calculations
How to CalculateForm 8621 - Line 15
Mary Beth Lougen EA USTCPChief Operating Officer – Expat Tax Tools
[email protected] (844) 312-8670 ext. 402
www.f8621.com www.expattaxtools.com
PAGE 3 OF 34
Hide Details
PREVIEW ONLY / DO NOT FILE
CURRENT YEAR HOLDINGS
Allocation to Blocks Number of Securities Transactionamount(USD)
Adjustments After AdjustmentsBlock
Number Date Transaction Type Beginning of Year Additions Return ofCapital # of Securities Cost Base
1 10/01/13 Purchase 1,000.0000 10,000.00 200.00 1,000.0000 9,800.00
DISTRIBUTED & REINVESTED EARNINGS$ 50.00 USD Distribution on 12/29/13
Adjusted Annual Distributions Per Share: 2012: 0.000000 | 2011: 0.000000 | 2010: 0.000000
Holding Start Holding End Units Line 15a Line 15b Line 15c Line 15d Line 15e Line 16b Line 16c Line 16d Line 16e Line 16f10/01/13 12/29/13 1,000.0000 50.00
$ 200.00 USD Distribution on 12/31/13
Adjusted Annual Distributions Per Share: 2012: 0.000000 | 2011: 0.000000 | 2010: 0.000000
Holding Start Holding End Units Line 15a Line 15b Line 15c Line 15d Line 15e Line 16b Line 16c Line 16d Line 16e Line 16f10/01/13 12/31/13 1,000.0000 200.00
EXCESS DISTRIBUTION SUMMARY
Line 15a Line 15b Line 15c Line 15d Line 15e Line 15f Line 16b Line 16c Line 16d Line 16e Line 16f250 0 0 0 0 0 0
2014 CARRYOVER CALCULATION
ADJUSTED DISTRIBUTIONS PER UNIT (LINE 15B)2013 Distributions Per Unit AdjustmentCalculating in Original Currency
Distribution Units Adjustment AdjustedDistribution
AdjustedDistribution Per Share
50.00 1,000.0000 0.00 50.00 0.0500000000200.00 1,000.0000 200.00 0.00 0.0000000000
Total 0.0500000000
2013 Adjusted Annual Distributions Per Unit: 0.0500000000
PAGE 4 OF 34
PREVIEW ONLY / DO NOT FILE
50.
Form 8621, Line 15a ETTWEBINAR0001A 50.
PAGE 5 OF 34
13
X
WEBINAR LINE 15b (FUN1000)
ETTWEBINAR0001A
13
Class A
10/01/13
1,000.000.
X
X 0.
PREVIEW ONLY
/ DO NOT FILE
PAGE 6 OF 34
PREVIEW ONLY
/ DO NOT FILE
PAGE 7 OF 34
** SEE CALCULATION STATEMENT (REF. ID ETTWEBINAR0001A) FOR LINES 15b TO 15d CALCULATION DETAILS
250. **
0.
0.
0.
0.
0.
0.
PREVIEW ONLY
/ DO NOT FILE
PAGE 8 OF 34
Name of PFIC or QEF line 1
line 2
(NOT Applicable)
Address of PFIC or QEF Street address
City
State
Zip or Postal Code
Foreign country
Foreign province
** Note that the CCH tax software rounds the number of units to the nearest numberwhich may results in an inaccurate or negative number of units at the end of the year.
Adjustments may be required.
1 of 1
INCOME/DEDUCTIONS | DIVIDENDS | DETAILSWarning! Make the following entries under the Dividends section if there was no slips issued for this fund, otherwise enter the slip information
TSJ Payer Name Ordinary DividendsForeignCountry
Code
ForeignIncomeCode
T Form 8621, Line 15a ETTWEBINAR0001A 50 CA 2
FOREIGN | 8621
2 WEBINAR LINE 15b (FUN1000)
3 ETT / #US
4 Employer Identification Number
5
6
7
8
9 Canada
10
14 Foreign Country Code CA
15 Foreign Income Code Passive Income
16 Reference ID Number ETTWEBINAR0001A
Additional Information Required
17
Class ofStock
Shares atBeginningof Year
Changes DuringYear Date of Change
Shares at YearEnd-
Override
Value of SharesHeld
Year End Jointly OwnedA 0.0000 1000.0000 10/01/13 1000.0000 10000
1 Total distributions from the section 1291 fund during the year 250
2 Total distributions made by the fund for each of the 3 years preceding the current tax year
3 Number of prior years if fewer than 3
4 Gain or loss from disposition of section 1291 fund stock
5 Excess Distribution override 0
6 Holding period beginning date 10/01/2013
7 PFIC applicable date
8 Holding period ending date 12/31/2013
9 Distribution number 1
DistributionNumber
CurrentYear
Distribution
ForeignTax
Credit
ExcessDistributionAlloc. to Each
Day inHolding Period
OR
Foreign TaxCredit
Alloc. to EachYear in
Holding Period OR
AmountAllocated toCurrent TaxYear and
PrePFIC years OR
TaxIncrease Override
ForeignTax Credit
-Override
Interest Override
1 0 0 0 0
1 Dividends (Schedule B)
PART 1 PFIC or QEF Information
PART 12 Distributions / Dispositions from Section 1291 Fund
PART 13 Section 1291 Distribution Detail
PAGE 9 OF 34
How to CalculateForm 8621 - Line 15
Mary Beth Lougen EA USTCPChief Operating Officer – Expat Tax Tools
[email protected] (844) 312-8670 ext. 402
www.f8621.com www.expattaxtools.com
PAGE 10 OF 34
Basic Example
2014 Section 1291 Calculations
Hide Details
PREVIEW ONLY / DO NOT FILE
CURRENT YEAR HOLDINGS
Allocation to Blocks Number of Securities Transactionamount(USD)
Adjustments After AdjustmentsBlock
Number Date Transaction Type Beginning of Year Additions Return ofCapital # of Securities Cost Base
1 10/01/13 Purchase 1,000.0000 9,800.00 12.50 1,000.0000 9,787.50
DISTRIBUTED & REINVESTED EARNINGS$ 50.00 USD Distribution on 03/29/14
Adjusted Annual Distributions Per Share: 2013: 0.050000 | 2012: 0.000000 | 2011: 0.000000
Holding Start Holding End Units Line 15a Line 15b Line 15c Line 15d Line 15e Line 16b Line 16c Line 16d Line 16e Line 16f10/01/13 03/29/14 1,000.0000 50.00 10.00 10.00 12.50 37.50 18.33 7.59 0.00 7.59 0.23
Tax Year Days Allocated Excess Increase in Tax Allocated Foreign Tax Credit Additional Tax Interest2013 92 19.1667 7.59 0.00 7.59 0.23
** 2014 88 18.3333
$ 50.00 USD Distribution on 06/29/14
Adjusted Annual Distributions Per Share: 2013: 0.050000 | 2012: 0.000000 | 2011: 0.000000
Holding Start Holding End Units Line 15a Line 15b Line 15c Line 15d Line 15e Line 16b Line 16c Line 16d Line 16e Line 16f10/01/13 06/29/14 1,000.0000 50.00 10.00 10.00 12.50 37.50 24.82 5.02 0.00 5.02 0.15
Tax Year Days Allocated Excess Increase in Tax Allocated Foreign Tax Credit Additional Tax Interest2013 92 12.6838 5.02 0.00 5.02 0.15
** 2014 180 24.8162
$ 50.00 USD Distribution on 09/29/14
Adjusted Annual Distributions Per Share: 2013: 0.050000 | 2012: 0.000000 | 2011: 0.000000
Holding Start Holding End Units Line 15a Line 15b Line 15c Line 15d Line 15e Line 16b Line 16c Line 16d Line 16e Line 16f10/01/13 09/29/14 1,000.0000 50.00 10.00 10.00 12.50 37.50 28.02 3.75 0.00 3.75 0.11
Tax Year Days Allocated Excess Increase in Tax Allocated Foreign Tax Credit Additional Tax Interest2013 92 9.478 3.75 0.00 3.75 0.11
** 2014 272 28.022
$ 50.00 USD Distribution on 12/29/14
Adjusted Annual Distributions Per Share: 2013: 0.050000 | 2012: 0.000000 | 2011: 0.000000
Holding Start Holding End Units Line 15a Line 15b Line 15c Line 15d Line 15e Line 16b Line 16c Line 16d Line 16e Line 16f10/01/13 12/29/14 1,000.0000 50.00 10.00 10.00 12.50 37.50 29.92 3.00 0.00 3.00 0.09
Tax Year Days Allocated Excess Increase in Tax Allocated Foreign Tax Credit Additional Tax Interest2013 92 7.5824 3.00 0.00 3.00 0.09
** 2014 363 29.9176
$ 300.00 USD Distribution on 12/31/14
Adjusted Annual Distributions Per Share: 2013: 0.050000 | 2012: 0.000000 | 2011: 0.000000
Holding Start Holding End Units Line 15a Line 15b Line 15c Line 15d Line 15e Line 16b Line 16c Line 16d Line 16e Line 16f10/01/13 12/31/14 1,000.0000 300.00 10.00 10.00 12.50 287.50 229.62 22.92 0.00 22.92 0.69
Tax Year Days Allocated Excess Increase in Tax Allocated Foreign Tax Credit Additional Tax Interest2013 92 57.8775 22.92 0.00 22.92 0.69
** 2014 365 229.6225
EXCESS DISTRIBUTION SUMMARY
Line 15a Line 15b Line 15c Line 15d Line 15e Line 15f Line 16b Line 16c Line 16d Line 16e Line 16f500 438 331 42 0 42 1
PAGE 11 OF 34
Line 15d: nonexcess distribution => taxed under section 301 Line 15e: excess distribution => taxed under section 1291
Excess distribution from Line 15e - daily allocation to holding period
37.50 / (92+88) * 92 * 39.6% prior year => 1291 tax37.50 / (92+88) * 88 current year => ordinary income
287.50 / (92+365) * 92 = 57.88 => amt for 1291 tax comp287.50 / (92+365) * 365 = 229.62 => ordinary income
2015 CARRYOVER CALCULATION
ADJUSTED DISTRIBUTIONS PER UNIT (LINE 15B)2014 Distributions Per Unit AdjustmentCalculating in Original Currency
Distribution Units Adjustment AdjustedDistribution
AdjustedDistribution Per Share
50.00 1,000.0000 19.17 30.83 0.030833333350.00 1,000.0000 12.68 37.32 0.037316176550.00 1,000.0000 9.48 40.52 0.040521978050.00 1,000.0000 7.58 42.42 0.0424175824
300.00 1,000.0000 70.38 229.62 0.2296225383Total 0.3807116085
2014 Adjusted Annual Distributions Per Unit: 0.3807116085
PAGE 12 OF 34
50.00- 19.17 amt allocated to 1291 tax--------------------------------------------- 30.83 amount included in income & considered a distribution for 2015 comps
300.00- 12.50 non excess dist (reported as Return of Capital)- 57.88 amt allocated to 1291 tax---------------------------------------------- 229.62 amount included in income & considered a distribution for 2015 comps
PREVIEW ONLY / DO NOT FILE
50.
STATEMENT LINE 21 331.
X 1291INT. 1.
X 1291TAX. 42.
STATEMENT LINE 21Form 8621, Line 16b ETTWEBINAR0001A / Excess allocated to current year or prePFIC periods 331.
TOTAL 331.
Form 8621, Line 15d ETTWEBINAR0001A 50.
PAGE 13 OF 34
total of line 15d amounts (12.50*4)not including the 12.50 nonexcess distribution from the $300 return of capital- remember if it is a nonexcess dist IRC 301 rules
total of lines 16b- excess distributions allocated to the current year are ordinary income
total of line 16c amounts- excess dist allocated to 2013 *39.6% -the highest tax rate for 2014
14
X
WEBINAR LINE 15b (FUN1000)
ETTWEBINAR0001A
14
Class A
1,000.000.
X
X 438.
PREVIEW ONLY
/ DO NOT FILE
PAGE 14 OF 34
PREVIEW ONLY
/ DO NOT FILE
PAGE 15 OF 34
** SEE CALCULATION STATEMENT (REF. ID ETTWEBINAR0001A) FOR LINES 15b TO 15d CALCULATION DETAILS
500. **
438.
331.
42.
0.
42.
1.
PREVIEW ONLY
/ DO NOT FILE
PAGE 16 OF 34
Name of PFIC or QEF line 1
line 2
(NOT Applicable)
Address of PFIC or QEF Street address
City
State
Zip or Postal Code
Foreign country
Foreign province
** Note that the CCH tax software rounds the number of units to the nearest numberwhich may results in an inaccurate or negative number of units at the end of the year.
Adjustments may be required.
1 of 1
INCOME/DEDUCTIONS | DIVIDENDS | DETAILS
1 Dividends (Schedule B)
TSJ Payer Name Ordinary DividendsForeignCountry
Code
ForeignIncomeCode
T Form 8621, Line 15d ETTWEBINAR0001A 50 CA 2
FOREIGN | 8621
2 WEBINAR LINE 15b (FUN1000)
3 ETT / #US
4 Employer Identification Number
5
6
7
8
9 Canada
10
14 Foreign Country Code CA
15 Foreign Income Code Passive Income
16 Reference ID Number ETTWEBINAR0001A
Additional Information Required
17
Class ofStock
Shares atBeginningof Year
Changes DuringYear Date of Change
Shares at YearEnd-
Override
Value of SharesHeld
Year End Jointly OwnedA 1000.0000 1000.0000 10000
1 Total distributions from the section 1291 fund during the year 500
2 Total distributions made by the fund for each of the 3 years preceding the current tax year
3 Number of prior years if fewer than 3
4 Gain or loss from disposition of section 1291 fund stock
5 Excess Distribution override 438
6 Holding period beginning date 10/01/2013
7 PFIC applicable date
8 Holding period ending date 12/31/2014
9 Distribution number 1
DistributionNumber
CurrentYear
Distribution
ForeignTax
Credit
ExcessDistributionAlloc. to Each
Day inHolding Period
OR
Foreign TaxCredit
Alloc. to EachYear in
Holding Period OR
AmountAllocated toCurrent TaxYear and
PrePFIC years OR
TaxIncrease Override
ForeignTax Credit
-Override
Interest Override
1 331 42 0 1
PART 1 PFIC or QEF Information
PART 12 Distributions / Dispositions from Section 1291 Fund
PART 13 Section 1291 Distribution Detail
PAGE 17 OF 34
How to CalculateForm 8621 - Line 15
Mary Beth Lougen EA USTCPChief Operating Officer – Expat Tax Tools
[email protected] (844) 312-8670 ext. 402
www.f8621.com www.expattaxtools.com
PAGE 18 OF 34
Basic Example
2015 Section 1291 Calculations
Hide Details
PREVIEW ONLY / DO NOT FILE
CURRENT YEAR HOLDINGS
Allocation to Blocks Number of Securities Transactionamount(USD)
Adjustments After AdjustmentsBlock
Number Date Transaction Type Beginning of Year Additions Return ofCapital # of Securities Cost Base
1 10/01/13 Purchase 1,000.0000 9,787.50 53.84 1,000.0000 9,733.66
DISTRIBUTED & REINVESTED EARNINGS$ 50.00 USD Distribution on 03/29/15
Adjusted Annual Distributions Per Share: 2014: 0.380712 | 2013: 0.050000 | 2012: 0.000000
Holding Start Holding End Units Line 15a Line 15b Line 15c Line 15d Line 15e Line 16b Line 16c Line 16d Line 16e Line 16f10/01/13 03/29/15 1,000.0000 50.00 86.14 43.07 53.84 -3.84
$ 50.00 USD Distribution on 06/29/15
Adjusted Annual Distributions Per Share: 2014: 0.380712 | 2013: 0.050000 | 2012: 0.000000
Holding Start Holding End Units Line 15a Line 15b Line 15c Line 15d Line 15e Line 16b Line 16c Line 16d Line 16e Line 16f10/01/13 06/29/15 1,000.0000 50.00 86.14 43.07 53.84 -3.84
$ 50.00 USD Distribution on 09/29/15
Adjusted Annual Distributions Per Share: 2014: 0.380712 | 2013: 0.050000 | 2012: 0.000000
Holding Start Holding End Units Line 15a Line 15b Line 15c Line 15d Line 15e Line 16b Line 16c Line 16d Line 16e Line 16f10/01/13 09/29/15 1,000.0000 50.00 86.14 43.07 53.84 -3.84
$ 50.00 USD Distribution on 12/29/15
Adjusted Annual Distributions Per Share: 2014: 0.380712 | 2013: 0.050000 | 2012: 0.000000
Holding Start Holding End Units Line 15a Line 15b Line 15c Line 15d Line 15e Line 16b Line 16c Line 16d Line 16e Line 16f10/01/13 12/29/15 1,000.0000 50.00 86.14 43.07 53.84 -3.84
$ 300.00 USD Distribution on 12/31/15
Adjusted Annual Distributions Per Share: 2014: 0.380712 | 2013: 0.050000 | 2012: 0.000000
Holding Start Holding End Units Line 15a Line 15b Line 15c Line 15d Line 15e Line 16b Line 16c Line 16d Line 16e Line 16f10/01/13 12/31/15 1,000.0000 300.00 86.14 43.07 53.84 246.16 109.31 54.20 0.00 54.20 2.39
Tax Year Days Allocated Excess Increase in Tax Allocated Foreign Tax Credit Additional Tax Interest2013 92 27.5509 10.91 0.00 10.91 0.752014 365 109.3051 43.28 0.00 43.28 1.64
** 2015 365 109.3051
EXCESS DISTRIBUTION SUMMARY
Line 15a Line 15b Line 15c Line 15d Line 15e Line 15f Line 16b Line 16c Line 16d Line 16e Line 16f500 246 109 54 0 54 2
2016 CARRYOVER CALCULATION
ADJUSTED DISTRIBUTIONS PER UNIT (LINE 15B)2015 Distributions Per Unit AdjustmentCalculating in Original Currency
Distribution Units Adjustment AdjustedDistribution
AdjustedDistribution Per Share
50.00 1,000.0000 0.00 50.00 0.050000000050.00 1,000.0000 0.00 50.00 0.050000000050.00 1,000.0000 0.00 50.00 0.050000000050.00 1,000.0000 0.00 50.00 0.0500000000
300.00 1,000.0000 190.69 109.31 0.1093050886Total 0.3093050886
2015 Adjusted Annual Distributions Per Unit: 0.3093050886
PAGE 19 OF 34
line 15b = 1000 sh * (0.05 + 0.38071 adjusted distributions) / 5 distributions rec'd in 2015
current yearprior 2 years adj
divided by 2times 125%
current yr minus 125% there is no excess distribution
line 15d is nonexcess distribution - taxed under IRC 301- it is return of capital
1291 tax of $10.91 = 246.16 / (92+365+365) * 92 * 39.6%
190.69 = 53.84 + 109.31 + 27.55 (extra .01 is due to rounding)
PREVIEW ONLY / DO NOT FILE
200.
STATEMENT LINE 21 109.
X 1291INT. 2.
X 1291TAX. 54.
STATEMENT LINE 21Form 8621, Line 16b ETTWEBINAR0001A / Excess allocated to current year or prePFIC periods 109.
TOTAL 109.
Form 8621, Line 15a ETTWEBINAR0001A 200.
PAGE 20 OF 34
nonexcess distributions that are dividends
excess distribution allocated to current year
deferred tax on excess distribution allocated to prior year
15
X
WEBINAR LINE 15b (FUN1000)
ETTWEBINAR0001A
15
Class A
1,000.000.
X
X 246.
PREVIEW ONLY
/ DO NOT FILE
PAGE 21 OF 34
PREVIEW ONLY
/ DO NOT FILE
PAGE 22 OF 34
** SEE CALCULATION STATEMENT (REF. ID ETTWEBINAR0001A) FOR LINES 15b TO 15d CALCULATION DETAILS
500. **
246.
109.
54.
0.
54.
2.
PREVIEW ONLY
/ DO NOT FILE
PAGE 23 OF 34
Name of PFIC or QEF line 1
line 2
(NOT Applicable)
Address of PFIC or QEF Street address
City
State
Zip or Postal Code
Foreign country
Foreign province
** Note that the CCH tax software rounds the number of units to the nearest numberwhich may results in an inaccurate or negative number of units at the end of the year.
Adjustments may be required.
1 of 1
1 of 1
INCOME/DEDUCTIONS | DIVIDENDS | DETAILS
1 Dividends (Schedule B)
TSJ Payer Name Ordinary DividendsForeignCountry
Code
ForeignIncomeCode
T Form 8621, Line 15a ETTWEBINAR0001A 200 CA 2
FOREIGN | 8621
2 WEBINAR LINE 15b (FUN1000)
3 ETT / #US
4 Employer Identification Number
5
6
7
8
9 Canada
10
14 Foreign Country Code CA
15 Foreign Income Code Passive Income
16 Reference ID Number ETTWEBINAR0001A
Additional Information Required
19
Class ofStock
Shares atBeginningof Year
Changes DuringYear Date of Change
Shares at YearEnd-
Override
Value of SharesHeld
Year End Jointly OwnedA 1000.0000 1000.0000 10000
1 Total distributions from the section 1291 fund during the year 500
2 Total distributions made by the fund for each of the 3 years preceding the current tax year
3 Number of prior years if fewer than 3
4 Gain or loss from disposition of section 1291 fund stock
5 Excess Distribution override 246
6 Holding period beginning date 10/01/2013
7 PFIC applicable date
8 Distribution number 1
1 Distribution Number 1
2 Holding period ending date
3 Current Year Distribution
4 Foreign Tax Credit
5 Excess Distribution Allocated to Each Day in Holding Period override
6 Foreign Tax Credit Allocated to Each Year in Holding Period override
7 Amount Allocated to Current Tax Year and PrePFIC years override 109
8 Tax Increase override 54
PART 1 PFIC or QEF Information
PART 2 Distributions / Dispositions from Section 1291 Fund
PART 3 Section 1291 Distribution Detail
PAGE 24 OF 34
9 Foreign Tax Credit override 0
10 Interest override 2
PAGE 25 OF 34
How to CalculateForm 8621 - Line 15
Mary Beth Lougen EA USTCPChief Operating Officer – Expat Tax Tools
[email protected] (844) 312-8670 ext. 402
www.f8621.com www.expattaxtools.com
PAGE 26 OF 34
Basic Example
2015 Mark to Market Election
Hide Details
PREVIEW ONLY / DO NOT FILE
CURRENT YEAR HOLDINGS
Allocation to Blocks Number of Securities Transactionamount(USD)
Adjustments After AdjustmentsBlock
Number Date Transaction Type Beginning of Year Additions Return ofCapital # of Securities Cost Base
1 10/01/13 Purchase 1,000.0000 9,787.50 53.84 1,000.0000 9,733.66
TOTALS ON DECEMBER 31, 2015:
FMV: $ 10,000.00Total Shares: 1,000.0000FMV / Share: $ 10.0000
DEEMED DISPOSITION (DD)
Block ACB FMV in Block Gain on Block ACB at Year End Unreveresed InclusionsCarryforward Line 15f
1 9,733.66 10,000.00 266.34 10,000.00 266.34 266.34
DEEMED DISPOSITION GAIN ALLOCATION** Excess Distribution Allocated to Current Tax Year or PrePFIC period
Line 15f Holding Start Holding End Days Excess Per Day Line 16b Line 16c Line 16d Line 16e Line 16f266.34 10/01/13 12/31/15 822 0.32401460 118.27 58.64 0.00 58.64 2.59
Tax Year Days Allocated Excess Increase in Tax Allocated Foreign Tax Credit Additional Tax Interest2013 92 29.8093 11.80 0.00 11.80 0.822014 365 118.2653 46.83 0.00 46.83 1.77
** 2015 365 118.2653
DISTRIBUTED & REINVESTED EARNINGS$ 50.00 USD Distribution on 03/29/15
Adjusted Annual Distributions Per Share: 2014: 0.380712 | 2013: 0.050000 | 2012: 0.000000
Holding Start Holding End Units Line 15a Line 15b Line 15c Line 15d Line 15e Line 16b Line 16c Line 16d Line 16e Line 16f10/01/13 03/29/15 1,000.0000 50.00 86.14 43.07 53.84 -3.84
$ 50.00 USD Distribution on 06/29/15
Adjusted Annual Distributions Per Share: 2014: 0.380712 | 2013: 0.050000 | 2012: 0.000000
Holding Start Holding End Units Line 15a Line 15b Line 15c Line 15d Line 15e Line 16b Line 16c Line 16d Line 16e Line 16f10/01/13 06/29/15 1,000.0000 50.00 86.14 43.07 53.84 -3.84
$ 50.00 USD Distribution on 09/29/15
Adjusted Annual Distributions Per Share: 2014: 0.380712 | 2013: 0.050000 | 2012: 0.000000
Holding Start Holding End Units Line 15a Line 15b Line 15c Line 15d Line 15e Line 16b Line 16c Line 16d Line 16e Line 16f10/01/13 09/29/15 1,000.0000 50.00 86.14 43.07 53.84 -3.84
$ 50.00 USD Distribution on 12/29/15
Adjusted Annual Distributions Per Share: 2014: 0.380712 | 2013: 0.050000 | 2012: 0.000000
Holding Start Holding End Units Line 15a Line 15b Line 15c Line 15d Line 15e Line 16b Line 16c Line 16d Line 16e Line 16f10/01/13 12/29/15 1,000.0000 50.00 86.14 43.07 53.84 -3.84
$ 300.00 USD Distribution on 12/31/15
Adjusted Annual Distributions Per Share: 2014: 0.380712 | 2013: 0.050000 | 2012: 0.000000
Holding Start Holding End Units Line 15a Line 15b Line 15c Line 15d Line 15e Line 16b Line 16c Line 16d Line 16e Line 16f10/01/13 12/31/15 1,000.0000 300.00 86.14 43.07 53.84 246.16 109.31 54.20 0.00 54.20 2.39
Tax Year Days Allocated Excess Increase in Tax Allocated Foreign Tax Credit Additional Tax Interest2013 92 27.5509 10.91 0.00 10.91 0.752014 365 109.3051 43.28 0.00 43.28 1.64
** 2015 365 109.3051
EXCESS DISTRIBUTION SUMMARY
Line 15a Line 15b Line 15c Line 15d Line 15e Line 15f Line 16b Line 16c Line 16d Line 16e Line 16f500 246 266 228 113 0 113 5
PAGE 27 OF 34
2016 CARRYOVER CALCULATION
ADJUSTED DISTRIBUTIONS PER UNIT (LINE 15B)2015 Distributions Per Unit AdjustmentCalculating in Original Currency
Distribution Units Adjustment AdjustedDistribution
AdjustedDistribution Per Share
50.00 1,000.0000 0.00 50.00 0.050000000050.00 1,000.0000 0.00 50.00 0.050000000050.00 1,000.0000 0.00 50.00 0.050000000050.00 1,000.0000 0.00 50.00 0.0500000000
300.00 1,000.0000 190.69 109.31 0.1093050886Total 0.3093050886
2015 Adjusted Annual Distributions Per Unit: 0.3093050886
PAGE 28 OF 34
PREVIEW ONLY / DO NOT FILE
200.
STATEMENT LINE 21 228.
X 1291INT. 5.
X 1291TAX. 113.
STATEMENT LINE 21Form 8621, Line 16b ETTWEBINAR0001A / Excess allocated to current year or prePFIC periods 228.
TOTAL 228.
Form 8621, Line 15a ETTWEBINAR0001A 200.
PAGE 29 OF 34
15
X
WEBINAR LINE 15b (FUN1000)
ETTWEBINAR0001A
15
X
Class A
2,000.000.
X
X 513.
PREVIEW ONLY
/ DO NOT FILE
PAGE 30 OF 34
10,000.
10,000.
0
PREVIEW ONLY
/ DO NOT FILE
PAGE 31 OF 34
** SEE CALCULATION STATEMENT (REF. ID ETTWEBINAR0001A) FOR LINES 15b TO 15d CALCULATION DETAILS
500. **
246.
266.
228.
113.
0.
113.
5.
PREVIEW ONLY
/ DO NOT FILE
PAGE 32 OF 34
Name of PFIC or QEF line 1
line 2
(NOT Applicable)
Address of PFIC or QEF Street address
City
State
Zip or Postal Code
Foreign country
Foreign province
** Note that the CCH tax software rounds the number of units to the nearest numberwhich may results in an inaccurate or negative number of units at the end of the year.
Adjustments may be required.
1 of 1
1 of 1
INCOME/DEDUCTIONS | DIVIDENDS | DETAILS
1 Dividends (Schedule B)
TSJ Payer Name Ordinary DividendsForeignCountry
Code
ForeignIncomeCode
T Form 8621, Line 15a ETTWEBINAR0001A 200 CA 2
FOREIGN | 8621
2 WEBINAR LINE 15b (FUN1000)
3 ETT / #US
4 Employer Identification Number
5
6
7
8
9 Canada
10
14 Foreign Country Code CA
15 Foreign Income Code Passive Income
16 Reference ID Number ETTWEBINAR0001A
Additional Information Required
19
Class ofStock
Shares atBeginningof Year
Changes DuringYear Date of Change
Shares at YearEnd-
Override
Value of SharesHeld
Year End Jointly OwnedA 1000.0000 1000.0000 10000
1 Total distributions from the section 1291 fund during the year 500
2 Total distributions made by the fund for each of the 3 years preceding the current tax year
3 Number of prior years if fewer than 3
4 Gain or loss from disposition of section 1291 fund stock 266
5 Excess Distribution override 246
6 Holding period beginning date 10/01/2013
7 PFIC applicable date
8 Distribution number 1
1 Distribution Number 1
2 Holding period ending date
3 Current Year Distribution
4 Foreign Tax Credit
5 Excess Distribution Allocated to Each Day in Holding Period override
6 Foreign Tax Credit Allocated to Each Year in Holding Period override
7 Amount Allocated to Current Tax Year and PrePFIC years override 228
8 Tax Increase override 113
PART 1 PFIC or QEF Information
PART 2 Distributions / Dispositions from Section 1291 Fund
PART 3 Section 1291 Distribution Detail
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9 Foreign Tax Credit override 0
10 Interest override 5
1 Elect to marktomarket PFIC stockPART 6 Election to MarktoMarket PFIC Stock (Election C)
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