The IRS "Instructions for Form 8938" states that anyone with an interest in a specified foreign asset needs to report it, and they define an interest in this way:
"You have an interest... if any income, gains, losses, [etc] ... are... included on your income tax return"... [and in the next paragraph] "You have an interest... even if no income, gains, losses, [etc] ... are... included on your income tax return"...
There is a recommended answer on this forum that states "You do not have to file form 8938 if you do not have an interest in these accounts", as if the answer is, if you only have a power of attorney, you don't have to file an 8938.
Can anyone clarify?
