Fubar/ TD F 90-22.1

Hey guys,

If anyone's filled this form out please let me know what you think as the instructions are unclear.

For the instructions of Part II, under Item 15, it says to report the 'largest amount of currency or non-monetary assets that appear on any quarterly or more frequent account statement issued for the applicable year." Later it says, "The value of stock, other securities, or other NON-MONETARY ASSETS in an account reported on TD F 90-22.1 is the fair market value at the end for the calendar year, or, if withdrawn from the account, at the time of the withdrawal."

Well, if anyone can explain why first they say non-monetary assets (let's say RRSPs or mutual funds in this case) should be reported at the largest value during the year, and then later they ask for the value at the end of the year. WTH? Which one should I report. I've called the detroit help line and have never reached a live person.

Thanks for any help or clarification.

It says report maximum value, the rest is just descriptive so go with maximum value. It doesn't hurt to over-report. But it hurts to under-report.