@user17636035548 agreed about the contents of page 8 and page 9 of the ref'd document. All they are looking for is that (a) recognition that a foreign financial account exists, (b) the identity of the admin/ entity and type of entity etc. and (c) value in US$ of the account. Since you do not own an interest in the entity itself, line 35 is not appropriate. Line 36 ( trying to cover a broad set of circumstances ) is also somewhat confusing. Therefore my general pref. ( despite 8938 instructions to the contrary) of using " custodial account" as type -- this is especially true when you have something similar to "self-directed IRA account". Recogniton of the foreign account is more important than exact type of account or entity -- IMHO. Have not come across any case law on this specific issue esp. when the holding entity is immune from reporting requirements.
Is there more I can do for you ?
