What is this?
Per the Schedule AD filing instructions, "fill in the excess distribution from a passive foreign investment company that was not included in federal adjusted gross income (see Federal Form 8621 or 8621-A)."
Where do I enter it?
- State Section
- Edit (three dots)
- Additions to Income
- Excess Distribution From a Passive Foreign Investment Company
Code 05 - for prior year returns not applicable for tax year 2020
What else do I need to know?
Used with federal Form 8621 or 8621-A. These forms are not supported by this program.