This form represents "Statement of Specified Foreign Financial Assets". Then you need understand what are specified Foreign Financial Assets that attracts filing of form I8938. Refer IRS website (https://www.irs.gov/pub/irs-pdf/i8938.pdf) for form I8938 instruction. Examples of these assets include:
- Stock or securities issued by a foreign corporation;
- Stock or membership interests issued by a foreign limited liability company;
- A note, bond or debenture issued by a foreign person;
- An interest rate swap, currency swap, basis swap, interest rate cap, interest rate floor, commodity swap, equity swap, equity index swap, credit default swap or similar agreement with a foreign counterparty;
- An option or other derivative instrument with respect to any of these examples or with respect to any currency or commodity that is entered into with a foreign counterparty or issuer;
- A partnership interest in a foreign partnership;
- An interest in a foreign retirement plan or deferred compensation plan;
- An interest in a foreign trust or estate;
- Any interest in a foreign-issued insurance contract or annuity with a cash-surrender value.
Foreign real estate is not a foreign financial asset required to be reported on Form 8938. But if the Foreign real estate is held by an entity and you have interest in the entity, then your percentage of interest will be included on Form 8938.