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Do I need to file form 8938 if I own shares in a foreign private company?
According to the latest investment round's valuation, my share is worth more than the reporting threshold for form 8938. The company doesn't do US-compliant fair market value valuations, however, and according to their country's tax authority, fair value per share is much lower than what investors pay during the round.
The question is, should I rely on their country's tax rules when estimating my share's worth, or on what investors pay per share during a round?
If it's the latter, does the total worth spike after the round is closed, or should I consider it having grown monotonously since the previous round?
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March 1, 2020
10:18 AM