Are U.S. mutual funds that include foreign assets considered foreign financial assets for tax purposes?

devroye · ‎February 19, 2025

For example, Vanguard international index fund (or European, or Asia-Pacific)?

DaveF1006 · ‎February 19, 2025

No, U.S. mutual funds that include foreign assets are not considered foreign financial assets for tax purposes. According to the IRS, U.S.-based financial accounts, including U.S. mutual funds, IRAs, and 401(k) plans, do not need to be reported on Form 8938.

Basic questions and answers on Form 8938

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

DaveF1006 · ‎February 19, 2025

No, U.S. mutual funds that include foreign assets are not considered foreign financial assets for tax purposes. According to the IRS, U.S.-based financial accounts, including U.S. mutual funds, IRAs, and 401(k) plans, do not need to be reported on Form 8938.

Basic questions and answers on Form 8938

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Expert does your taxes

Do it yourself

Resources

Support

Are U.S. mutual funds that include foreign assets considered foreign financial assets for tax purposes?