Is ETH considered a foreign financial asset on my tax return?

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Is ETH considered a foreign financial asset on my tax return?

might be a dumb question but I’m filling out my tax return and TurboTax asking me if I “Owned or controlled a foreign bank account, trust, or financial asset in 2024?”

Since ETH originated in Switzerland and I’m in the US, does that mean it’s a foreign financial asset?

submitted by /u/cuautlej
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