Based on what you just told me, it is one deposit account and one custodial account, all with the same bank and same account number. It doesn't matter if there many investment id's are within both accounts just as long as the bank manages both your deposit/custodial accounts.
The 8938 instructions state that on lines 5-8 should be reported in this matter.
- Line 5: Report the number of deposit accounts reported in all Parts V. This should be 1 since all your deposits from various sources is reported in this one account in this bank.
- Line 6: Report the total maximum value of these deposit accounts. You may need to review your monthly bank statements or perhaps you received a year-end summary that lists your deposit balances monthly.
- Line 7: Report the number of custodial accounts reported in all Parts V. Again this should be 1.
- Line 8: Report the total maximum value of these custodial accounts. Should be listed on the statement(s).
Hope this helps but reach back to us if you have additional questions.
@cathiexu
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