Is there a good explanation why the K-3 form jumps from page
6 to page 8?
ira smilovitz on
Schedules K-2 and K-3 are actually 20 pages each. The IRS has stated that only pages that contain information need to be submitted. It's similar to Form 8949. You only submit the page with data.
Is there a good explanation why the K-3 form jumps from page
6 to page 8?
Peter Dunkelberger on
My U.S. broker keeps telling me that dividends from MIND, CTI., are ordinary (non-qualified). And the broker (TDA) is not clear as to how TDA gets that information. I have tried looking at the annual reports, and they are not clear because they do not interpret US tax law. My understanding is that MIND (symbol MNDO) is an Israeli company and Israel is listed as having a "comprehensive income tax treaty" with the U.S., and the stock is traded on NASDAQ. The only other reason, it seems, that the the dividend would not be considered qualified is if MIND, CTI., were considered a passive foreign investment company (PFIC). I do not think MIND would be considered a PFIC. Can anyone help me understand why MIND divided might be nonqualifed?
Schedules K-2 and K-3 are actually 20 pages each. The IRS has stated that only pages that contain information need to be submitted. It's similar to Form 8949. You only submit the page with data.
My U.S. broker keeps telling me that dividends from MIND, CTI., are ordinary (non-qualified). And the broker (TDA) is not clear as to how TDA gets that information. I have tried looking at the annual reports, and they are not clear because they do not interpret US tax law. My understanding is that MIND (symbol MNDO) is an Israeli company and Israel is listed as having a "comprehensive income tax treaty" with the U.S., and the stock is traded on NASDAQ. The only other reason, it seems, that the the dividend would not be considered qualified is if MIND, CTI., were considered a passive foreign investment company (PFIC). I do not think MIND would be considered a PFIC. Can anyone help me understand why MIND divided might be nonqualifed?
Schedules K-2 and K-3 are actually 20 pages each. The IRS has stated that only pages that contain information need to be submitted. It's similar to Form 8949. You only submit the page with data.