Is IRS Form 8938 asking me to double-count foreign assets?
Yes, you effectively need to "double count" when shifting balances between foreign accounts.
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:
Yes, you effectively need to "double count" when shifting balances between foreign accounts.