BillM223
Expert Alumni

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The IRS says

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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