written by reader Is Sandstorm a PFIC company?

By jbnaples, February 3, 2012

For all of you accountants out there, is Sandstorm Gold SNDXF a PFIC company? If so, What’s the best way to invest in it.

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Russell LoomisTravis Johnson, Stock Gumshoe Recent comment authors

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Travis Johnson, Stock Gumshoe

Hi Jennifer, I saw your question via email too — sorry I hadn’t yet responded. I’m not an accountant and have not talked to my accountant about the potential PFIC issue. I do know that International Royalty Corp. did, at least for a time, consider itself a PFIC, I don’t know about Silver Wheaton, which would be the most direct comparison. I think SLW decided that they were not a PFIC in 2008, but haven’t seen any updated commentary from them. There’s a pretty clear article here about the impact of PFIC for US investors, FYI: http://www.osler.com/NewsResources/Default.aspx?id=3389 I certainly can’t… Read More »

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What a head ache.. I had know idea. I guess I will attempt to put some of my shares in an IRA to dodge some of these problems. Who dreams this stuff up?