Is a foreign stock held in a foreign brokerage considered a foreign financial asset?

mauipainter — Thu, 06 Jun 2019 13:44:41 GMT

Yes. See IRS Form 8938 instructions on page 6 - https://...

DoninGA — Thu, 06 Jun 2019 13:44:42 GMT

Yes. See IRS Form 8938 instructions on page 6 - https://www.irs.gov/pub/irs-pdf/i8938.pdf

Specified Foreign Financial Assets

Specified foreign financial assets include the following assets.

1. Financial accounts maintained by a foreign financial institution.

2. The following foreign financial assets if they are held for investment and not held in an account maintained by a financial institution:

a. Stock or securities issued by someone that is not a U.S. person (including stock or securities issued by a person organized under the laws of a U.S. possession),

b. Any interest in a foreign entity, and

c. Any financial instrument or contract that has an issuer or counterparty that is not a U.S. person (including a financial contract issued by, or with a counterparty that is, a person organized under the laws of a U.S. possession).

topic Yes. See IRS Form 8938 instructions on page 6 - https://... in Deductions & credits

Is a foreign stock held in a foreign brokerage considered a foreign financial asset?

Yes. See IRS Form 8938 instructions on page 6 - https://...