When filing taxes online, I am receiving this message:
"At any time during 2022, did you have an interest in (or a signature or other authority over) a financial account in a foreign country, such as a bank account, securities account, or other financial account?"
I own a mutual fund I opened in the UNITED STATES that has a security in international stock and earned foreign income and had foreign income taxes withheld. What do I mark the answer as? When I sign in my mutual fund account, I can go to that foreign security when I go to positions on the site and the interntational stock is ironically under mutual funds.
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A financial account is located in a foreign country if the account is physically located outside of the United States. For example, an account maintained with a branch of a United States bank that is physically located outside of the United States is a foreign financial account. An account maintained with a branch of a foreign bank that is physically located in the United States isn't a foreign financial account.
That is, your US-owned and operated mutual fund does not become a foreign financial account because the fund contains foreign stocks.
You do not have a bank account, securities account, or other financial account in a foreign country. You have a stock in your mutual fund account. The answer is NO.
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