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Get your taxes done using TurboTax
A financial account is located in a foreign country if the account is physically located outside of the United States. For example, an account maintained with a branch of a United States bank that is physically located outside of the United States is a foreign financial account. An account maintained with a branch of a foreign bank that is physically located in the United States isn't a foreign financial account.
That is, your US-owned and operated mutual fund does not become a foreign financial account because the fund contains foreign stocks.
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March 16, 2023
6:14 PM