I'm completing form 8938. I have stock in a foreign company worth more than the threshold. I hold it singly, but my husband and I file jointly. I also have a foreign checking account (im a dual citizen) which had a maximum of $10,500 in 2012. I filed an FBAR for my checking account last year, and an 8938 for my financial assets. I did not report my checking account in the 8938. Questions:
Should I do that this year?
I sold a portion of shares this year so the number of shares fluctuated. I am assuming I am reporting the stock holding at the beginning of the year. How do I determine maximum value of asset? Do I just multiply # of stocks at beginning of the year times the highest share price in the year or do I use the highest share price I sold stock for?
