Life insurance needs to be reported in 8938?

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stellal
Posts: 22
Joined: Sun Apr 08, 2012 2:43 am

Life insurance needs to be reported in 8938?

Post by stellal »

We are canadians living in US, we have life insurance in Canada, it did not generate any income, do we need to report it in form 8938. I read some articles saying it is a kind of foreign assets.

Thanks a lot.
rohitkn@gmail.com
Posts: 30
Joined: Sun Mar 30, 2014 1:09 pm

Post by rohitkn@gmail.com »

from my interpretation and mine alone of the 8938 form instructions, if it has a cash surrender value, then yes. if it's term life, the no.
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