Two years ago, I lent money to a foreign builder (so a foreign asset). At the start of last year, I still owned that foreign asset. During last year, I gifted that asset to a foreign grantor trust. (passthru to 1040). On my 1040, form 8938, how many times is that one asset reported? Me (before gift) Trust (after gift) Wife as beneficiary of trust On FinCEN 114, how many times is the one asset reported? Me (before gift) Me as grantor of trust Wife as beneficiary of trust