Question

Do I need to report precious metals stored in a foreign vault?

Forum|Forum|5 years ago
May 10, 2021
1 reply
0 views

I haven't sold it.
It is NOT in a foreign bank.
If I need to report storage, where do I report this information?

TurboTax Premier Online

No. Directly held precious metals, such as gold, are not specified foreign financial assets under Form 8938.

Note, however, that gold certificates issued by a foreign person may be a specified foreign financial asset that you would have to report on Form 8938, if the total value of all your specified foreign financial assets is greater than the reporting threshold that applies to you.

Basic Questions and Answers on Form 8938

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