Excess Distribution (Distribution Portion): ${formatCurrency(excessDistributionPortion)}

Total Amount Treated as Excess Distribution (Subject to Section 1291 Rules): ${formatCurrency(totalExcessDistributionAmount)}

Under the default Section 1291 rules, "excess distributions" (which include gain on the sale of PFIC stock) are subject to a special tax and interest charge. This total amount (${formatCurrency(totalExcessDistributionAmount)}) is allocated ratably over your holding period. Portions allocated to prior tax years are taxed at the highest ordinary income rate for those years, plus an interest charge. The portion allocated to the current year is taxed as ordinary income.
This tool does NOT calculate the actual tax or the interest charge. Consult a tax professional.

`; } else if (regime === 'qef') { const ordinaryEarnings = parseFloat(document.getElementById('qef_ordinaryEarnings').value) || 0; const capitalGains = parseFloat(document.getElementById('qef_capitalGains').value) || 0; const distributions = parseFloat(document.getElementById('qef_distributions').value) || 0; const sold = document.getElementById('qef_soldYes').checked; const saleProceeds = parseFloat(document.getElementById('qef_saleProceeds').value) || 0; const basis = parseFloat(document.getElementById('qef_basis').value) || 0; // Basic validation if (sold && (isNaN(saleProceeds) || saleProceeds < 0)) { displayError(regime, 'Please enter valid Sale Proceeds (>= 0).'); return; } if (sold && (isNaN(basis) || basis < 0)) { displayError(regime, 'Please enter valid Adjusted Basis at Time of Sale (>= 0).'); return; } const gainOrLossOnSale = sold ? saleProceeds - basis : 0; const totalCapitalGain = capitalGains + Math.max(0, gainOrLossOnSale); const totalCapitalLoss = Math.abs(Math.min(0, gainOrLossOnSale)); resultsHtml = `

Share of PFIC Ordinary Earnings (from Statement): ${formatCurrency(ordinaryEarnings)}

Share of PFIC Net Capital Gains (from Statement): ${formatCurrency(capitalGains)}

Total Distributions Received This Year: ${formatCurrency(distributions)}

${sold ? `

Sale Proceeds: ${formatCurrency(saleProceeds)}

Adjusted Basis at Time of Sale: ${formatCurrency(basis)}

` : '

Stock Sold This Year: No

'} ${sold ? `

Gain/Loss on Sale: ${formatCurrency(gainOrLossOnSale)}

` : ''}

Amount Treated as Ordinary Income (from Earnings): ${formatCurrency(ordinaryEarnings)}

Amount Treated as Long-Term Capital Gain (from PFIC CG + Sale Gain): ${formatCurrency(totalCapitalGain)}

${totalCapitalLoss > 0 ? `

Amount Treated as Capital Loss (on Sale): ${formatCurrency(totalCapitalLoss)}

` : ''}

Under a valid QEF election, you include your share of the PFIC's ordinary earnings as ordinary income and net capital gains as long-term capital gains annually, regardless of whether distributed. Distributions received from previously taxed amounts are generally non-taxable (but reduce basis). Gain or loss on the sale of QEF stock is generally capital gain or loss. This analysis assumes you have a valid QEF election in place for all relevant years and received the required PFIC Annual Information Statement.
This tool does NOT calculate your final tax liability or track basis adjustments. Consult a tax professional.

`; } else if (regime === 'mtm') { const beginFmv = parseFloat(document.getElementById('mtm_beginFmv').value); const endFmv = parseFloat(document.getElementById('mtm_endFmv').value); const distributions = parseFloat(document.getElementById('mtm_distributions').value) || 0; const sold = document.getElementById('mtm_soldYes').checked; const saleProceeds = parseFloat(document.getElementById('mtm_saleProceeds').value) || 0; const basis = parseFloat(document.getElementById('mtm_basis').value) || 0; // Basic validation if (isNaN(beginFmv) || beginFmv < 0) { displayError(regime, 'Please enter a valid Beginning of Year FMV (>= 0).'); return; } if (isNaN(endFmv) || endFmv < 0) { displayError(regime, 'Please enter a valid End of Year FMV (>= 0).'); return; } if (sold && (isNaN(saleProceeds) || saleProceeds < 0)) { displayError(regime, 'Please enter valid Sale Proceeds (>= 0).'); return; } if (sold && (isNaN(basis) || basis < 0)) { displayError(regime, 'Please enter valid Adjusted Basis at Time of Sale (>= 0).'); return; } // Calculate FMV Change const fmvChange = endFmv - beginFmv; // Calculate Gain/Loss on Sale (simplistic view) const gainOrLossOnSale = sold ? saleProceeds - basis : 0; resultsHtml = `

Fair Market Value at Beginning of Year: ${formatCurrency(beginFmv)}

Fair Market Value at End of Year: ${formatCurrency(endFmv)}

FMV Change (End FMV - Begin FMV): ${formatCurrency(fmvChange)}

Total Distributions Received This Year: ${formatCurrency(distributions)}

${sold ? `

Sale Proceeds: ${formatCurrency(saleProceeds)}

Adjusted Basis at Time of Sale: ${formatCurrency(basis)}

` : '

Stock Sold This Year: No

'} ${sold ? `

Gain/Loss on Sale: ${formatCurrency(gainOrLossOnSale)}

` : ''}

FMV Change Treatment: ${fmvChange >= 0 ? `Amount treated as Ordinary Income (limited by prior MTM losses): ${formatCurrency(fmvChange)}` : `Amount treated as Ordinary Loss (limited by prior MTM gains and overall income): ${formatCurrency(Math.abs(fmvChange))}` }

Distributions Treatment: Amount generally treated as Ordinary Income: ${formatCurrency(distributions)}

${sold ? (gainOrLossOnSale >= 0 ? `

Gain on Sale Treatment: Amount treated as Ordinary Income (subject to basis adjustment): ${formatCurrency(gainOrLossOnSale)}

` : `

Loss on Sale Treatment: Amount treated as Ordinary Loss (subject to basis adjustment and limitations): ${formatCurrency(Math.abs(gainOrLossOnSale))}

`) : ''}

Under a valid Mark-to-Market election for marketable PFIC stock, the increase (or decrease) in FMV at year-end is treated as ordinary income (or loss). Losses are limited to prior MTM gains. Distributions are generally ordinary income. Gain or loss on sale is also ordinary income or loss, with basis adjustments for prior MTM recognition. This analysis assumes you have a valid Mark-to-Market election in place.
This tool does NOT track prior MTM gains/losses for limitation purposes and does NOT calculate your final tax liability. Consult a tax professional.

`; } else { resultsHtml = '

Unknown analysis regime.

'; } } catch (e) { console.error("Calculation Error:", e); resultsHtml = `

An error occurred during calculation. Please check your inputs.

`; } displayResults(regime, resultsHtml); } function downloadPdf(regime) { // Ensure jsPDF is loaded if (typeof window.jspdf === 'undefined') { console.error('jsPDF library not loaded.'); alert('PDF generation library not loaded. Please try again.'); return; } const { jsPDF } = window.jspdf; const doc = new jsPDF(); let yPos = 15; // Starting Y position const margin = 15; // Title doc.setFontSize(18); doc.setTextColor(0, 86, 179); // RGB for #0056b3 (Accent color) doc.text('Passive Foreign Investment Company (PFIC) Analysis', margin, yPos); yPos += 20; // Regime Title or Basics Title let regimeTitle = ''; let filenameRegime = ''; let contentSourceElement = null; // Element containing the main content if (regime === 'basics') { regimeTitle = 'PFIC Basics and Election Overview'; filenameRegime = 'Basics'; contentSourceElement = document.getElementById('basics-tab'); } else { if (regime === 's1291') regimeTitle = 'Excess Distribution Regime (Section 1291) Analysis'; else if (regime === 'qef') regimeTitle = 'QEF Election Regime (Section 1295) Analysis'; else if (regime === 'mtm') regimeTitle = 'Mark-to-Market Election Regime (Section 1296) Analysis'; filenameRegime = regime.toUpperCase(); contentSourceElement = document.getElementById(`${regime}_results_content`); // For calculation tabs, check if results are displayed before proceeding const resultsSection = document.getElementById(`${regime}_results`); if (!resultsSection || resultsSection.style.display === 'none' || contentSourceElement.innerHTML.trim() === '' || contentSourceElement.textContent.includes('Error:')) { doc.setFontSize(12); doc.setTextColor(51, 51, 51); doc.text(`No calculation results available for ${regimeTitle.replace(' Analysis', '')} or an error occurred.`, margin, yPos); doc.save(`pfic_analysis_${filenameRegime}.pdf`); return; } } // Add Regime Title doc.setFontSize(14); doc.setTextColor(0, 86, 179); doc.text(regimeTitle, margin, yPos); yPos += 15; // Add content to PDF by iterating through paragraphs, handling bolding doc.setFontSize(10); doc.setTextColor(51, 51, 51); // Text color const paragraphs = contentSourceElement.querySelectorAll('p, li'); // Include list items for basics tab paragraphs.forEach(p => { let lineText = p.textContent.trim(); if (lineText) { // Handle list item bullet for basics tab if (p.tagName === 'LI' && regime === 'basics') { lineText = '- ' + lineText; } // Identify strong tags for potential bolding const strongElement = p.querySelector('strong'); const strongText = strongElement ? strongElement.textContent.trim() : ''; const splitText = doc.splitTextToSize(lineText, 180); splitText.forEach((segment, index) => { let currentX = margin; let remainingSegment = segment; // Attempt to bold the beginning of the segment if it matches the strong text if (strongText && index === 0 && lineText.startsWith(strongText.replace('','').replace('','').trim())) { // Find where the bold text ends within the current segment const boldEndIndex = segment.indexOf(strongText.replace('','').replace('','').trim()) + strongText.replace('','').replace('','').trim().length; const boldPart = segment.substring(0, boldEndIndex); const normalPart = segment.substring(boldEndIndex); if (boldPart) { doc.setFont(undefined, 'bold'); doc.text(boldPart, currentX, yPos); currentX += doc.getTextWidth(boldPart); } if (normalPart) { doc.setFont(undefined, 'normal'); doc.text(normalPart, currentX, yPos); } } else { // No bolding needed for this segment or it's not the start of the text doc.setFont(undefined, 'normal'); // Ensure normal font doc.text(segment, currentX, yPos); } yPos += 7; // Move to the next line segment position }); yPos += 3; // Extra space between paragraphs/list items } }); // Add the primary Note section for calculation tabs if (regime !== 'basics') { const noteElement = document.querySelector(`#${regime}-tab .results-section .note`); // Get the note *within* the results section if (noteElement) { yPos += 10; // Space before note doc.setFontSize(9); doc.setTextColor(85, 85, 85); // RGB for #555 (Note color) const noteText = noteElement.textContent.trim(); const splitNote = doc.splitTextToSize(noteText, 180); doc.text(splitNote, margin, yPos); // yPos += (splitNote.length * 6); // Space after note } } // Save the PDF doc.save(`pfic_analysis_${filenameRegime}.pdf`); } // Initial state setup // Hide all results sections initially pficAnalyzerDiv.querySelectorAll('.results-section').forEach(resultsDiv => { resultsDiv.style.display = 'none'; }); // Hide sale details sections initially document.getElementById('s1291_saleDetails').style.display = 'none'; document.getElementById('qef_saleDetails').style.display = 'none'; document.getElementById('mtm_saleDetails').style.display = 'none'; // Trigger change event on radio buttons to set initial display state pficAnalyzerDiv.querySelectorAll('input[type="radio"][name="s1291_sold"][checked]').forEach(radio => radio.dispatchEvent(new Event('change'))); pficAnalyzerDiv.querySelectorAll('input[type="radio"][name="qef_sold"][checked]').forEach(radio => radio.dispatchEvent(new Event('change'))); pficAnalyzerDiv.querySelectorAll('input[type="radio"][name="mtm_sold"][checked]').forEach(radio => radio.dispatchEvent(new Event('change'))); });