DaveF1006
Expert Alumni

Deductions & credits

There is no third choice. An investment account is a custodial account for IRS 8938 reporting purposes. You will enter more details in line 29 on the 8938 if this is a stock account but elsewhere if it is another type of investment account.

 

Please read the instructions for 8938 for more information.

 

@Ethan2022 

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