Are transactions (purchases and sales) with foreign residents in partnership interests reported on TIC Form S?
A. Yes. Purchases and sales by foreign residents of limited partnership interests are reportable as equity. Purchases of the partnership interests by foreign residents should be reported on TIC Form S in column 7 (Purchases of Domestic Stocks) or column 11 (Purchases of Foreign Stocks). Sales of the partnership interests by foreign residents should be reported on TIC Form S in column 8 (Sales of Domestic Stocks) or column 12 (Sales of Foreign Stocks). The location of the partnerships incorporation determines whether the partnership should be classified as domestic or foreign.
Related Questions
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