Does it make any difference if the loan was made from overseas to that foreign person? and also, I read the 8938 instructions on page 6, in two sections I wondered: "Specified Foreign financial Assets" 2c....I suppose this does not apply because loan agreement is not held in a financial institution?, and "Other specified foreign financial assets" ..."if they are held for investment and not held in a financial account. ....then it says bullet: a note, bond, debenture or other form of indebtedness ISSUED by a foreign person"...I suppose this does not apply because I am the issuer?, and/or the AFR loan is not held for "investment purposes"? In this case the loan is issued by me (?), I am lender and they are borrower and it is all overseas. I would think that with all these pages, they would be very clear on a simple mater as a loan to a foreign person! Any additional thoughts? Thank for your help!
