Skip to main content
April 14, 2024
Question

Foreign Insurance policy is Deposit or custodial

  • April 14, 2024
  • 1 reply
  • 0 views

While filing out form 8938, what should I enter for "type of account" when entering details about the foreign insurance policy? Is it Deposit or Custodial? Or does it come under Other foreign financial asset?

    1 reply

    DaveF1006
    April 15, 2024

    It would be reported as an other financial asset.

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"