Spreadsheet: 192701d1352496016-accrued-interest-total-with-quarterly-rate-changes-1291-working
Sheet: PFIC 1291 Gain (WORKING)

[NAME] |  |  |  | This sheet is used for Form 8621, Part IV  (Distributions From and Disposition of Stock of a Section 1291 Fund) that usually comes from a Hedge Fund K1.
Tax Year Being Filed |  |  | 2011-12-31 00:00:00
Date Tax Return being filed |  |  | 2012-12-15 00:00:00
****   SUMMARY and Reporting of all Form 8621, Part IV   ****
Totals:
Line 11b: | Gain allocated to the current tax year. |  |  |  |  |  |  |  | Added to Line 21 of Form 1040 as other income
Line 11c: | Enter the aggregate increases in tax (before credits) for each tax year in your holding period (other than the current tax year and pre-PFIC years).
Line 11d: | Foreign tax Credit
Line 11e: | Enter this amount on your income tax return as “additional tax.”  (This amount is Sec 1291 Tax and is included on line 44 of Form 1040.)
Line 11f: | Interest charge reported at the bottom of page 1 of Form 1040, reduces any refund and adds to any balance due on page 2 of Form 1040.
Prior Year's Tax Rate Info
Prior year #1  TAX rate |  |  |  | 0.35 |  | Prior year #4  TAX rate |  |  |  | 0.33
Prior year #2  TAX rate |  |  |  | 0.35 |  | Prior year #5  TAX rate |  |  |  | 0.33
Prior year #3  TAX rate |  |  |  | 0.33 |  | Prior year #6  TAX rate |  |  |  | 0.33
Notes on Interest Rate:
1)  After computing the tax, there is an interest charge (compounded daily) on the tax for each of those years. However, the applicable law provides that the total tax and interest will not exceed the amount of the distribution.
2)  Interest on each of the increases in tax is computed using the rates and method provided in section 6621 for the respective interest period.
The applicable rates (adjusted quarterly and effective on the first day of each calendar quarter) are as follows:
 |  |  |  | Large Corp |  |  |  | Large Corp
 |  |  | Under- | Under- |  |  | Under- | Under-
 | Period Rates Effective |  | Payment | Payment | Period Rates Effective |  | Payment | Payment
 | Year | Quarter | Rate | Rate | Year | Quarter | Rate | Rate
 | 2004 | 2004-01-01 00:00:00 | 0.04 | 0.06 |  |  | 0.04 | 0.06
 |  |  | 0.05 | 0.07 |  |  | 0.04 | 0.06
 |  |  | 0.04 | 0.06 |  |  | 0.04 | 0.06
 |  |  | 0.05 | 0.07 |  |  | 0.04 | 0.06
 |  |  | 0.05 | 0.07 |  |  | 0.03 | 0.05
 |  |  | 0.06 | 0.08 |  |  | 0.04 | 0.06
 |  |  | 0.06 | 0.08 |  |  | 0.04 | 0.06
 |  |  | 0.07 | 0.09 |  |  | 0.03 | 0.05
 |  |  | 0.07 | 0.09 |  |  | 0 | 0
 |  |  | 0.07 | 0.09 |  |  | 0 | 0
 |  |  | 0.08 | 0.1 |  |  | 0 | 0
 |  |  | 0.08 | 0.1 |  |  | 0 | 0
 |  |  | 0.08 | 0.1 |  |  | 0 | 0
 |  |  | 0.08 | 0.1 |  |  | 0 | 0
 |  |  | 0.08 | 0.1 |  |  | 0 | 0
 |  |  | 0.08 | 0.1 |  |  | 0 | 0
 |  |  | 0.07 | 0.09 |  |  | 0 | 0
 |  |  | 0.06 | 0.08 |  |  | 0 | 0
 |  |  | 0.05 | 0.07 |  |  | 0 | 0
 |  |  | 0.06 | 0.08 |  |  | 0 | 0
 |  |  | 0.05 | 0.07 |  |  | 0 | 0
 |  |  | 0.04 | 0.06 |  |  | 0 | 0
 |  |  | 0.04 | 0.06 |  |  | 0 | 0
 |  |  | 0.04 | 0.06 |  |  | 0 | 0
#1 - Form 8621, Part IV
PFIC Name (K1 Associated With) |  |  | Purchase date | Disposition Date | Total Gain From Disposition of Section 1291 Stock | Holding Period of Section 1291 Scot (Days) | Non-Interest Bearing Days | Interest Bearing Days | Gain Allocable to the Current Tax Year | Gain Allocable to Prior Tax Years
 |  |  |  |  | Form 8621 |  |  |  | Form 8621
PFIC #1 |  |  |  |  | Line 10f |  |  |  | Line 11b
 |  |  | 2005-07-15 00:00:00 | 2011-10-31 00:00:00 | 2500
 |  | Tax Calculation on Prior Year Income |  |  |  |  |  | Interest Calculation
 |  | Days Held in Each Prior Year | Gain Allocated to Each Prior Year | Prior Year Tax Rate(s) | Increases in Tax (before credits) for Each Prior Tax Year in the Holding Period | Foreign Tax Credit  (Don't Waste Your Time) | Increases in Tax (AFTER  credits) for Each Prior Tax Year in the Holding period |  |  | Interest Charge on Prior Year Tax
PYear #1 |  |  |  |  |  | 0
PYear #2 |  |  |  |  |  | 0
PYear #3 |  |  |  |  |  | 0
PYear #4 |  |  |  |  |  | 0
PYear #5 |  |  |  |  |  | 0
PYear #6 |  |  |  |  |  | 0
 |  |  |  |  |  |  | Form 8621 |  |  | Form 8621
 |  | Check sum | Check sum |  |  |  | Line 11C |  |  | Line 11f