During covid I got into e commerce with a friend from outside of the country who sent me $1k cash in 2020 to buy materials. The business miserably failed and I quit. Do i need to disclose it?
Foreign Activities 20A.1 Have you, your spouse or legally recognized civil union/domestic partner, cohabitant, or dependent children EVER had any foreign financial interests (such as stocks, property, investments, bank accounts, ownership of corporate entities, corporate interests or exchange traded funds (ETFs) held in specific geographical or economic sectors) in which you or they have direct control or direct ownership? (Exclude financial interests in companies or diversified mutual funds or diversified ETFs that are publicly traded on a U.S. exchange.)