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swartzrhit
New Member

I own BMW stock. Is that considered a foreign financial asset?

I own the stock through a U.S. brokerage.
1 Reply
RBBrittain
Level 8

I own BMW stock. Is that considered a foreign financial asset?

No; the question is about bank or brokerage accounts held in a foreign country. Foreign stock held at a U.S. brokerage is not a "foreign financial asset", especially since BMW has an American Depository Receipt (ADR) program for U.S. shareholders.

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