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Get your taxes done using TurboTax
Thx Kathryn! I am over all thresholds, so, I definitely need to declare. In the link https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements I found that I do not need to declare item per item, given that:
For "Foreign stock or securities held in a financial account at a foreign financial institution" (which is my case), it says that "The account itself is subject to reporting, but the contents of the account do not have to be separately reported"
Therefore, I need to report 1 account, with the sum of all assets (stocks, securities. etc), that this account has.
Does it makes sense?
March 17, 2020
11:31 AM