pk
Level 15
Level 15

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@hp100 , from your post what I get is   (a) you had acquired a foreign capital asset ( probably a residence )-- it is not clear  how you acquired it -- a gift, inheritance, purchase or some other type of transaction;  (b)  you have disposed off the property ( house? ) at a gain;  (c) you used the  end-of-the year exchange rate to convert  these tranasactiosn amounts to US dollars  for purposes of reporting  FATCA ( 8938), 8939 ( capital gain)-- schedule-D etc. ;  FBAR ( form 114 at BSA-e filing / FinCen.gov ) and a 3520  ( why  ? )

 

What is the question  that you have .  Also please  provide more info  including acquisition date, how acquired, how was the basis determined; when disposed off and  of course the country concerned.   I am assuming  here that you are US citizen/Resident.