I've got the following accounts entered on my FBar and am now filling in an 8938 ,but can't find clear (clear to me anyway) instructions on how certain account types should be classified in the 8939. This is what I have and what I'm not sure on:
FBar -> 8938
Bank -> Foreign Financial Accounts | Deposit
RRSP|Securities -> Other Foreign Financial Asset | Type of issuer: Trust
Pension|Securities -> Other Foreign Financial Asset| Type of issuer: Trust
Investment broker|Securities -> Other Foreign Financial Asset | Type of issuer: Trust
Online gold|Securities -> Other Foreign Financial Asset | Type of issuer: Trust
Are these correct, if not what should they be? Apart from the bank accounts I'm really not sure how to enter the RRSP, Pension, Investment account and gold account on the 8939. I presume these latter ones should firstly be classified as Other Foreign Financial Accounts and not Foreign Financial Accounts.
Is that a correct assumption?
Is so then I don't know what the Issuer Type for these should be, the choices are Individual, Partnership, Corporation, Trust, Estate.
TIA for any assistance
How to map classification of accounts from FBar to 8938?
Moderator: Mark T Serbinski CA CPA
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