Is RRSP required to report in Form 8938?

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snowbird
Posts: 29
Joined: Sat Mar 13, 2021 8:37 pm

Is RRSP required to report in Form 8938?

Post by snowbird »

I search in web, many links say RRSP need file form 8938 and FBAR.
In IRS page, it said "Foreign financial account for which you have signature authority" / "no, unless you otherwise have an interest in the account as described before".
I understand RRSP is account with signature authority.
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nelsona
Posts: 18358
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: Is RRSP required to report in Form 8938?

Post by nelsona »

Yes, to both. The 8938 form has quite a higher threshold of total value, but if you exceed that, RRSP has to be included.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
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