Solved: My son turned 18 and his grand mother who lives abroad set up a bank account for him. Do I have to declare it in Form 8938?

My son turned 18 and his grand mother who lives abroad set up a bank account for him. Do I have to declare it in Form 8938?

posted

No, you do not need to declare it as the account is set up for him. Also if your son is not required to file his own taxes, he does not need to file it.

For more information, see Form 8938

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No, you do not need to declare it as the account is set up for him. Also if your son is not required to file his own taxes, he does not need to file it.

For more information, see Form 8938