Form 8938

[ttbtaxes]

We all have clients that have investment portfolios held through Merrill Lynch, Morgan Stanley, Etrade, Schwab,etc.

How do we know whether any of the investments within these accounts need to be considered for Form 8938 or FBAR?

[Gary2]

We all have clients that have investment portfolios held through Merrill Lynch, Morgan Stanley, Etrade, Schwab,etc.

How do we know whether any of the investments within these accounts need to be considered for Form 8938 or FBAR?

Check the address on the consolidated 1099 statements for Merrill Lynch, etc. to see if it'a a US address.

You do realize that neither 8938 nor FBAR applies to holding the stock of foreign corporations in an account at a US brokerage?