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I invest in foreign real estate through a real estate development company and understand that I have to fill out Form 8938 reporting the value of the real estate.
My question is: when the development is finalized (real estate built and Title issued on my name), and the contract with the development company no longer exits, then should I stop reporting the real estate on Form 8938 on my future tax returns?
Should I report it somewhere else instead? Or I don't have to report it at all?
Thank you!
Should I report it somewhere else instead? Or I don't have to report it at all?
Thank you!
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March 8, 2020
8:23 AM