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For example, Vanguard international index fund (or European, or Asia-Pacific)?
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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