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WebThe mutual fund account is a “Foreign Financial Account.” The total value of David’s accounts are $500,000. Therefore, since the total “annual aggregate total” of all the accounts exceeds $10,000 – David reports all the accounts on the FBAR. What if one of the Foreign Mutual Funds is less than $10,000? It doesn’t matter. WebOct 26, 2024 · In general, if you have shares in a foreign mutual fund, you’ll have to report it to the IRS. There are also a few reporting requirements you may have: Form 8621, Return by a Shareholder of a Passive Foreign Investment Company or a Qualified Electing Fund FBAR – Your Foreign Bank Account Report Form 8938 – FACTA reporting form diamond women\u0027s healthcare
Solved: I have a foreign tax from a mutual fund. Do I need to
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