Thanks, Jeffrey. That's what I concluded from my reading of the forms, and it's certainly preferable from a privacy/information-limiting perspective. But it does seem odd that one can avoid giving the IRS those details (which would otherwise be provided on an 8938) simply by submitting a 3520 - are they likely to query or reject the return because of it? A CPA I spoke to recommended providing the full info on f8938 or risk a $10k penalty.
Appreciate your opinion on that.
Thanks a lot!
