FBAR has a clear crypto answer — why is Form 8938 so murky for the same account?
After sorting out the FBAR question for our LLC's foreign exchange account, I tried to get an equally clean answer for Form 8938 and failed. One adviser says crypto on a foreign exchange is a specified foreign financial asset, another says the rules never mention digital assets, and a third says my structure means nobody files 8938 at all.
Who is right, and why is this one so much fuzzier than FBAR?
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