@Phoenix3 , assuming that you are US citizen/Resident/Resident for tax purposes, ownership of foreign stock is not a taxable event ( it just like if you bought stocks in the USA ) -- there is nothing to report.
(a) You will have to report any earnings either as dividend or from the sale of the stocks ( when and if ) --- you will need to retain the cost of the stocks when you buy these because you will need that to compute the gain ( Capital gain or short-term gain )
(b) Depending on the total amount of monies invested, there may be a requirement to report this on FATCA ( Financial Asset ) form 8938 ( with your return ), but the threshold for that depends on your filing status , where your tax home is and ranges from around $90,000 to more than $140,000 ( I think )
Does this cover your query ?
