Hello! I have to file form 8938 and wondering if stocks held at a treasury of a bank are considered to be an asset or an account. It's not a regular account at the bank, and I cannot trade it at this point unless I move to a brokerage account. It is separated at the treasury level as I get year-end reporting from the foreign bank. So, I'm not sure if this is an account per se for form 8938. This is an account based on my foreign social security held in my name for me. It's not custodial for someone else.
I have been reporting this as "Other foreign Assets" but I wonder if I should report them as "Foreign Deposit". The word "Deposit" is why I haven't classified it as an account.
Yes, I know about FBAR, but this is specific to 8938
thanks in advance
