Partnership has more than $10000 in foreign account

I have already filed multi member LLC return. Me and my wife has 50% interest in the LLC. I just wanted to double check about the partnership having financial interest of more than $10,000 in foreign account. I have foreign account and have managed more than $10,000 during 2024. But my wife did not have financial interest of more than $10,000 in foreign account. LLC does not have any foreign account on it's name. I file FBAR on the individual basis. Do I need to file FBAR for my LLC as well?

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Partnership has more than $10000 in foreign account

If the foreign account is NOT held in the name of the partnership, the company would not file a Report of Foreign Bank and Financial Accounts (FBAR).

See "Who Must File": IRS Report of Foreign Bank and Financial Accounts (FBAR)

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Partnership has more than $10000 in foreign account

If the foreign account is NOT held in the name of the partnership, the company would not file a Report of Foreign Bank and Financial Accounts (FBAR).

See "Who Must File": IRS Report of Foreign Bank and Financial Accounts (FBAR)

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Partnership has more than $10000 in foreign account

Perfect. Got it. Thank you!

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