PFIC impact using Optimize Portugal Golden Opportunities fund

[daveevirginia (David Ehrlich)]

Has anyone had experience filing tax forms in US after having the Optimize funds? I see requirements to file 8621, 8938, and FBAR. I understand QEF election to some degree.

• Did you find you paid a lot in taxes compared to US funds? Is it simply cap gain on increase in shares, even if you didn’t sell? I wasn’t sure if QEF is similar to mark to market where you have gains, even though you didn’t realize them.

• I use Turbo Tax and see it can’t handle these forms. Did you pay a tax company to file the forms and did they handle only those or your entire form? I see H&R block can file the forms.

Thanks for any insights.

[garrett]

Check out this thread

US IMGA investors tax filing

Hi all, figured I’d start a thread about how the heck to file taxes for reference to others and to ourselves next year, when we have to do it again My understanding is that US investors in the IMGA fund (assuming a 350k EUR minimum investment) need to file the following forms: FBAR (online) 8938 8621 I am using freetaxUSA to do my taxes, they support sending the 8938 but not 8621. Filing the FBAR was trivial, no concern there. The US govt’s website kinda sucks but it’s not a…

Generally speaking, yes it’s a lot of money in taxes, and yes it’s similar to M2M, and I file physical tax forms mostly using freetaxusa for everything but the forms it doesn’t support

[frond-exiles-0q (frond)]

Why wouldn’t you use QEF method instead?

[vmaizes (Victoria)]

This question was asked a year ago but minimally answered -I am hoping for an update - I am exploring Optimize Portugal Golden Opportunities for my GV investment. Has anyone invested with them for their GV? What has your experience been like to date? Especially want to hear if there are any worrisome signs or bad experiences. thank you!! Victoria