- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Thanks for the clarification.
A small variation in my case.
1. I had holdings of Stocks in one institution.
2. During the year, I sold some portion (and am showing it in my Returns, including capital gain/loss etc)
3. I, then, moved the remaining to another institution.
4. The balance in the first is Zero, but I did not actually close the account.
Do I have to mention details (name, address etc) of both the institutions with the first one showing nil balance? The Form 8938 does have a column to check if the account was closed. In my case the account was NOT CLOSED but that the entire balance was transferred.
Would appreciate your advice. Thanks.
March 20, 2020
12:56 PM