If you are required to file Form 893
- Stock or securities issued by a foreign corporation;
- A partnership interest in a foreign partnership;
- An interest in a foreign retirement plan or deferred compensation plan;
- An interest in a foreign estate;
- Any interest in a foreign-issued insurance contract or annuity with a cash surrender value.
- A note, bond, or IOU issued by a foreign person;
- An interest rate swap, currency swap, basis swap, interest rate cap, interest rate floor, commodity swap, equity swap, equity index swap, credit default swap, or similar agreement with a foreign counterparty; An option or other derivative instrument for any of these examples or for any currency or commodity that is entered into with a foreign counterparty or issuer;
No. Foreign real estate is not a specified foreign financial asset required to be reported on Form 893
If the real estate is held through a foreign entity, such as a corporation, partnership, trust, or estate, then the interest in the entity is a specified foreign financial asset that is reported on Form 893
The value of the real estate held by the entity is taken into account in determining the value of the interest in the entity to be reported on Form 893
No. Foreign currency is not a specified foreign financial asset and is not reportable on Form 893
Yes, an interest in a foreign estate is a specified foreign financial asset that is likely reportable on Form 893
If you hold foreign stock or securities outside of a financial account, they must be reported on Form 893
7. I directly hold shares of a U.S. mutual fund that owns foreign stocks and securities. Do I need to report the shares of the U.S. mutual fund or the stocks and securities held by the mutual fund on Form 893
If you directly hold shares of a U.S. mutual fund, you do not need to report the mutual fund or the holdings of the mutual fund.
8. I have a financial account maintained by a U.S. financial institution that holds foreign stocks and securities. Do I need to report the financial account or its holdings?
You do not need to report a financial account maintained by a U.S. financial institution or its holdings. Examples of financial accounts maintained by U.S. financial institutions include:
- U.S. Mutual fund accounts
- IRAs (traditional or Roth)
- 401 (k) retirement plans
- Qualified U.S. retirement plans
- Brokerage accounts maintained by U.S. financial institutions
9. I have a financial account maintained by a foreign financial institution that holds investment assets. Do I need to report the financial account if all or any of the investment assets in the account are stock, securities, or mutual funds issued by a U.S. person?
If you have a financial account maintained by a foreign financial institution and the value of your specified foreign financial assets is greater than the reporting threshold that applies to you, you need to report the account on Form 893
A foreign accoun
If you have an interest in a foreign pension or deferred compensation plan, you have to report this interest on Form 893