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V
varshabachwani
February 4, 2020
Question

Does a demat account qualify as a foreign financial account or is it a 'other foreign financial asset' ?

  • February 4, 2020
  • 1 reply
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K
KarenJ2
February 4, 2020

A demat account may qualify for both the Form 8938 and the FBAR.  It is a foreign account.  Attached link for a comparison of Form 8938 and the FBAR.    You will find the types of assets and whether they are reportable.

 

If in doubt, it is always best to include your account.  The US Treasury is very focused on foreign account reporting.

 

Comparison or Form 8938 and FBAR

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