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Form 8938 - Statement of Specified Foreign Financial Assets


giogis245

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Foreign real estate is not included on the 8938. Rental property is not included on the 8938.

If it is held by a corp, then the corp is reported on the 8938

the IRS has a good list of what needs to be included on this link

https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements

If they have a Spanish property, they may have a Spanish bank account...see Sch B questions.  If the bank acct exceeded 10k, than an FBAR is needed (FinCEN 114)

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