You do not have to report that you own bank shares unless they are a foreign asset.
On a US tax return, you only report the sale of shares in the year that you sold them. If you are paid dividends, you also have to report that on your tax return in the year received.
If your shares are considered a foreign financial asset, you may be required to report that you own them by filing an additional report.
Click here to learn more about foreign financial assets.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
