Reporting Period

Unless an exception applies, the reporting period for Form 8938 is your tax year.

Exception for Partial Tax Years of Specified Individuals

If you are a specified individual for less than the entire tax year, the reporting period is the part of the year that you are a specified individual.

Example 12. John is a calendar year taxpayer. The Form 8938 reporting period begins on January 1 and ends on December 31.

Example 13. Agnes was a single calendar year taxpayer who died on March 6. The Form 8938 reporting period begins on January 1 and ends on March 6.

Example 14. George, a calendar year taxpayer, is not a U.S. citizen or married. George arrived in the United States on February 1 and satisfied the substantial presence test for the tax year. The Form 8938 reporting period begins on George's U.S. residency

-8- Instructions for Form 8938 (Rev. 11-2021)

• The value using the valuation tables under section 7520 of your right as a beneficiary to receive mandatory distributions as of the last day of the tax year.

Valuing Interests in Foreign Estates, Foreign Pension Plans, and Foreign Deferred Compensation Plans

If you have an interest in a foreign estate, foreign pension plan, or foreign deferred compensation plan, the maximum value of your interest is the fair market value of your beneficial interest in the assets of the estate, pension plan, or deferred compensation plan as of the last day of the tax year. If you do not know or have reason to know based on readily accessible information the fair market value as of the last day of the tax year, the maximum value is the fair market value, determined as of the last day of the tax year, of the cash and other property distributed during the tax year to you as a beneficiary or participant. If you received no distributions during the tax year and do not know or have reason to know based on readily accessible information the fair market value of your interest as of the last day of the tax year, use a value of zero as the maximum value of the asset.