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February 19, 2025
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Are U.S. mutual funds that include foreign assets considered foreign financial assets for tax purposes?

  • February 19, 2025
  • 1 reply
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For example, Vanguard international index fund (or European, or Asia-Pacific)?
    Best answer by DaveF1006

    No, U.S. mutual funds that include foreign assets are not considered foreign financial assets for tax purposes. According to the IRS, U.S.-based financial accounts, including U.S. mutual funds, IRAs, and 401(k) plans, do not need to be reported on Form 8938.

     

    Basic questions and answers on Form 8938

    1 reply

    DaveF1006
    DaveF1006Answer
    February 19, 2025

    No, U.S. mutual funds that include foreign assets are not considered foreign financial assets for tax purposes. According to the IRS, U.S.-based financial accounts, including U.S. mutual funds, IRAs, and 401(k) plans, do not need to be reported on Form 8938.

     

    Basic questions and answers on Form 8938

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