I've got a few UK pensions schemes (which are not being contributed to, or being withdrawn from, they are just stilling there) to report on 8938.
I've already reported my foreign bank accounts on the 8938 as Foreign Financial Accounts, and now I'm reporting the pensions as Other Foreign Financial Assets.
I'm using TurboTax and for these Other Foreign Financial Assets is prompting me with the questions:
- Is this asset an interest in a foreign entity (such as stock)? Y or N
- Type of Entity? Partnership | Corporation | Trust | Estate
I'm not sure how to answer these, a pension seems neither a partnership nor a corporation nor a trust nor an estate?
8938: Query regarding foreign pension schemes
Moderator: Mark T Serbinski CA CPA
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