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I had a CD in a savings account in a credit union, does that count as having a financial asset?

 
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2 Replies

I had a CD in a savings account in a credit union, does that count as having a financial asset?

Where are you being asked if you have a financial asset?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
rjs
Level 15
Level 15

I had a CD in a savings account in a credit union, does that count as having a financial asset?

Are you talking about the question that asks "Did you own or control a foreign bank account, trust or financial asset in 2021?" That is only asking about foreign financial assets. If you had a CD or savings account in a U.S. credit union, that is not a foreign financial asset. You would answer No.

 

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