DaveF1006
Employee Tax Expert

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According to this IRS source, these would be reported a financial assets and are not considered financial accounts. Examples of financial accounts include: Savings, deposit, checking, and brokerage accounts held with a bank or broker-dealer.

 

If your stocks are held outside a financial account, they are reportable on a 8938.  If within a financial account, which is described above, then these are no reported on an 8938. I wouldn't report these as 'foreign deposits". 

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