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

[KarenJ]

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

[marlonmack75]

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

[marlonmack75]

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

[KarenJ · Accepted solution]

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.

[marlonmack75]

Thank you so much!