Leinadp
New Member

8938 U.S. stock in a foreign financial account ?

I'm a U.S. permanent resident since 2015, and I still hold two stock trading accounts in european banks. I know I meet the conditions to report a 8938 form. However, as those european banks allowed international trading, I hold some stocks of U.S. companies, like Apple and Tesla. As these are U.S. stocks, I understand the IRS has already information on my holding position, I guess that I don't need to account those holdings when valuing my foreign trading accounts, is that right? In other words, I need to report only on stocks issued by foreign companies. Please confirm.