8938 U.S. stock in a foreign financial account ?

[Leinadp]

I'm a U.S. permanent resident since 2015, and I still hold two stock trading accounts in european banks. I know I meet the conditions to report a 8938 form. However, as those european banks allowed international trading, I hold some stocks of U.S. companies, like Apple and Tesla. As these are U.S. stocks, I understand the IRS has already information on my holding position, I guess that I don't need to account those holdings when valuing my foreign trading accounts, is that right? In other words, I need to report only on stocks issued by foreign companies. Please confirm.

[RichardK · Accepted solution]

According to the IRS website, click here, you report foreign financial accounts, including U. S. stocks held by the foreign financial institution.

Foreign Financial Institution Investment Account

Q1.  I have a financial account maintained by a foreign financial institution that holds investment assets.  Do I need to report the financial account if all or any of the investment assets in the account are stock, securities, or mutual funds issued by a U.S. person?

If you have a financial account maintained by a foreign financial institution and the value of your specified foreign financial assets is greater than the reporting threshold that applies to you, you need to report the account on Form 8938.  A foreign account is a specified foreign financial asset even if its contents include, in whole or in part, investment assets issued by a U.S. person.  You do not need to separately report the assets of a financial account on Form 8938, whether or not the assets are issued by a U.S. person or non-U.S. person.