Sorry about not being clear as I am not familiar with the topic. I understand there may be different forms required when it comes to foreign property. Are those forms completed based on the filer's percentage ownership when it comes to value, sales or other numbers required to be filled? This really would be the same for thresholds and understand why confusing in my question. In some places I've seen mention of requirements in reporting foreign assets in certain forms if over certain amount which is why my threshold reference.
Thank you.
