Make a QEF election for my PFIC stock?

  • Thread starter Thread starter Lindsey
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Lindsey

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I bought stock last year in a PFIC for $50,000 and this year it is valued at $25,000. I realize I do not get to recognize this loss if I make no elections, and still don't get to recognize it if I make a mark-to-market election because I have no prior gains with which to offset the loss. But what if I make a QEF election? If I dispose of the stock now would a QEF election allow me to recognize the loss? Thank you!
 
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