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foreign ownership of partnership interest by us citizen

PODW4444
Level 3

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

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1 Comment 1
sjrcpa
Level 15

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.