IRS release the 8938. In the insturction, it said 8891 doesn't need to be reported but only Part IV. however, in 8938, all other forms are there, such as 5471, 3520... But no 8891?
Anybody knows about it?
Additionally, still for real estate, I saw a post in newspaper, said rental property need to be reported, but home is not. How about investment, such as land, house that lived by parents only?
Thanks.
8938 finalized, but no space for 8891?
Moderator: Mark T Serbinski CA CPA
As the instructions point out, any 8891, since it is a substitute for 3520, is counted as a 3520.
I would suggest readin the instructions. there is no mantion of real estate as a specified foreign asset for this form's purposes.
I would suggest readin the instructions. there is no mantion of real estate as a specified foreign asset for this form's purposes.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
I would suggest you read the instructions instead. They may not be clear, but in no way can tehy be interpeted to include rental real estate.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best