Hi,
I can't seem to figure out if a Canadian RPP is reportable on the 8938 if it is above the threshold. Can someone shed any info on this?
RPP on 8938
Moderator: Mark T Serbinski CA CPA
Re: RPP on 8938
As I understand it a Canadian RPP is reportable on the 8938, but your threshold for 8938 is based on all of of your Specified Foreign Financial Assets.
This IRS FAQ might help you on this and reportable value (see the last two FAQs): https://www.irs.gov/businesses/corporat ... #reporting
This IRS FAQ might help you on this and reportable value (see the last two FAQs): https://www.irs.gov/businesses/corporat ... #reporting