I have GILTI, but I am just an individual and did not make a section 962 election. Do I still file Form 8993?
I keep seeing online comments that GILTI comes with a section 250 deduction, and that makes people say 'just file Form 8993.' But I am not a domestic corporation, and I have not made a section 962 election. I am just an individual shareholder trying to understand whether the form even belongs on my return.
If Form 8993 is really only for domestic corporations and 962-electing individuals, that would save a lot of confusion. I want to know whether the form applies to my return at all before anyone starts computing deductions that may not be available.
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