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Level 4
August 15, 2023
Question

foreign ownership of partnership interest by us citizen

  • August 15, 2023
  • 1 reply
  • 10 views

how do i reflect on form 114  FBAR   A 25,000 interest in foreign partnership ?

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1 reply

sjrcpa
Level 15
August 15, 2023

You don't, unless your client has signature authority over the partnership bank account or controls the partnership. But, it may need to be reported on 8938 or some other forms.

The more I know the more I don’t know.