I have read in many places words similar to:
"foreign real estate held by an individual is not reportable on Form 8938"
However, based upon what I read (in just one place), I believe that should read:
"fully paid for foreign real estate held by an individual is not reportable on Form 8938"
That one source said in effect: If you have a bank mortgage, developer financing, or
have just paid a deposit on a buliding to be built, it has to be reported.
Is this one source correct? Does it matter if the real estate is not fully paid for?
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Fred J. Tydeman Tydeman Consulting
tyd...@tybor.com Testing, numerics, programming
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