Is IRS Form 8938 asking me to double-count foreign assets?
The requirement is to report the highest balance on the account, it has nothing to do with your income.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction:
Is IRS Form 8938 asking me to double-count foreign assets?

### Response:
The requirement is to report the highest balance on the account, it has nothing to do with your income.