Festive Savings Are Here. Get 10% OFF on All CCI Pro Plans. Subscribe Now!

Updating form 10-ee and Schedule FA if there is change in custodian account

665 views

Save Share

sathya

Others

23 Points Posted on 17 August 2026

Hi I Have for 401k and IRA accounts ( retirement accounts ) which are created when I was non-resdient. Now I am resident for many years and showing these accounts in FA schedule . I need to change custidan now due to easy use. I will do direct rollover from old custodian account to new custodian account. Question how to handle in form 10-ee which already filed for old custodian accounts?. I heard we can't re-submit for 10-ee again.

Can I file new form 10-ee with new 401k/IRA account details. Will it not create issue since technically it is new IRA account which will be created now ( when I am resident ) eventhough I am just doing rollover . How to show this rollver in FA schedule

Any help on this will be greately appriciated. thanks

Replies (2)

Quick Summary

This discussion addresses how to update US tax forms when changing custodians for foreign retirement accounts like 401(k)s and IRAs. The advice given is to file a new Form 10-EE for the new custodian account before filing your tax return. In Schedule FA, report both the old and new accounts, ensuring the old account shows a zero closing balance after the transfer.

Aashok Kumar Sharma

Finance/Compliance Consultant

75650 Points Posted on 17 August 2026

File a new Form 10EE for the new custodian account prior to filing your ITR. In Schedule FA, report both the old account (showing a zero closing balance after transfer) and the new account separately, maintaining rollover statements to prove continuity of the tax-deferred foreign retirement funds.