DaveF1006
Expert Alumni

Retirement tax questions

Yes. This would  still be considered a financial asset.  If you know the balance of  the final salary balance, you can report that amount irrespective of any gains made in the account.

 

You may try to contact the trustee of the fund that controls this and find out more specific information on what the current balance of the fund is, including any unrealized gains. Remember, this doesn't need to be reported on a 8938 unless the balance of the fund's assets are $50,000 on the last day of the tax year or exceed $75,000 at any time during the year. If you are filing Married Filing Joint, the totals are $100,000 and $150,000 respectively.

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