Deductions & credits

Hi @MarilynG1,

 

Thank you for the reply. That's what I'm confused about - the link you provided specifically states "account" and "account in a financial institution" in the FBAR section, but in my case I've technically been a direct shareholder in the registry of shareholders in the company - there's no account associated with my share. I've been following TurboTax prompts and it never indicated that I need to file FBAR - just 8938.

 

Additionally, this year they started managing these shares in Shareworks which is a company that's headquartered in Canada but has a US entity associated with it. So I technically now have an account, but from what I can tell it's now a foreign asset with a US-based brokerage, so from this year on I'm reading it that technically I no longer must file FBAR for this asset even if I had this obligation before.