Part XII. Section 871(m) Tax Liability of a Qualified Derivatives Dealer (QDD)

If you’re a U.S. or foreign person that is a partner in a partnership that is, or has one or more branches that are, a QDD, as defined under the qualified intermediary agreement in Rev. Proc. 2022-43 (QDD partnership), use this part to determine your U.S. tax or withholding tax and reporting obligations with respect to the QDD activities, including, if applicable, to determine the amounts to report on Forms 1042 and 1042-S.