According to FBAR instructions, it specifically states that:
- a financial interest in or signature or other authority over at least one financial account located outside the United States if
- the aggregate value of those foreign financial accounts exceeded $10,000 at any time during the calendar year reported.
It further defines an account being one held in a financial institution. Since your shares are option exercise grants, this is potential income that hasn't been "exercised" thus is an asset and not an account. you are correct in not reporting this on an FBAR as defined by the IRS.
Since there is a US Brokerage associated with Shareworks, this also does not require a FBAR but still a foreign asset to be reported on a 8938.
@einholen
@einholen
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