I have a brokerage account in India that hold various stocks from Indian stock market and the value exceeds 100K. I understand that I need to report this account in Form 8938.
Questions
1) Is this considered a financial account or financial asset? I think it is financial account.
2) Assuming this is considered financial account, I can see ONLY two choices in TurboTax, Deposit account or Custodial account.
Which one should I select?
Uploaded screenshot
