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New Member
posted Jun 1, 2019 2:26:35 AM

I have an investment account that has foreign investments that earned dividends. Do I need to file FINCen Form 114 and Form 3520?

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1 Best answer
Intuit Alumni
Jun 1, 2019 2:26:44 AM

If you hold your foreign stock in an account with a US brokerage firm (or bank or institution), then you do not have a reportable foreign financial asset, according to the rules, either under FBAR (FINCen Form 114) or Form 3520.


5 Replies
Intuit Alumni
Jun 1, 2019 2:26:37 AM

Is it reported on a 1099-B by a US broker?

New Member
Jun 1, 2019 2:26:39 AM

It was reported on my 1099-DIV.  it said I paid so much in foreign taxes too.

New Member
Jun 1, 2019 2:26:41 AM

To clarify it came from my us broker  10099-DIV.  the foreign accounts were one bond and one foreign mutual fund.

Intuit Alumni
Jun 1, 2019 2:26:44 AM

If you hold your foreign stock in an account with a US brokerage firm (or bank or institution), then you do not have a reportable foreign financial asset, according to the rules, either under FBAR (FINCen Form 114) or Form 3520.


New Member
Jun 1, 2019 2:26:46 AM

Thank you so much!