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New Member
posted Mar 24, 2025 12:03:23 PM

2. Does Life Insurance Policies and Provident Fund (PF)/ Public Provident Fund (PPF) accounts come under deposit accounts in Form 8938?

These I have in India

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1 Replies
Expert Alumni
Mar 24, 2025 12:29:28 PM

These are typically custodial accounts for purposes of this form.  The IRS, however, generally doesn't penalize if you mark the wrong choice here so long as you are reporting the asset.