For the first time, TurboTax is telling me I have to report foreign assets. I have a Canadian RRSP, rollover from a pension plan before I left Canada, still under $10,000, but just barely. It is a single mutual fund. I am having trouble figuring out the instructions.I think I should be checking the box "Beneficiary of a foreign trust"... and that the account is a custodial account, not a deposit account. Does this make sense?I don't know if the value (with fluctuations in fund value and C$ value) actually went over 10,000 USD. Is it a major crime if I get that wrong. Then I read the thresholds that seem to imply that you are not concerned unless the assets exceed $100,000. Seems to contradict the questions about $10,000. Am I misunderstanding the threshold language?Any help from any with experience in this would be appreciated.Thanks.F
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