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New Member
posted May 31, 2019 5:52:43 PM

What is the definition of all foreign financial assets?

I have already declared my bank account.

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1 Best answer
Level 15
May 31, 2019 5:52:45 PM

https://www.irs.gov/businesses/corporations/basic-questions-and-answers-on-form-8938

2 Replies
Level 15
May 31, 2019 5:52:45 PM

https://www.irs.gov/businesses/corporations/basic-questions-and-answers-on-form-8938

Returning Member
Mar 13, 2022 7:17:09 PM

Turbo tax is confusing but IRS form 8938 is not.
The IRS 8938 form saz
Part II line 11 Maximum value of all assets (reported in Part VI)...

because you do not list the actual values, just the ranges 0-50K etc.