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How to specify Asset Description for Foreign Financial Accounts (form 8938)
When filling out 'Additional Foreign Financial Acounts or Other Financial Assets', there are columns for 'Copy Number', 'Institution Name' and 'Asset Description'. How do I fill in the asset description? It does not come up when I click Edit for the asset.
Asset Description is not part of 8938 so I assume that it is just cosmetic information. And that is what I would like to use it for. I have several accounts at the same institution, so it would be nice to keep them apart.
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‎June 6, 2019
12:07 AM