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Get your taxes done using TurboTax
It depends. First of all, if your aggregate value of your foreign financial assets exceed $50K, you do not need to complete form 8938.
Secondly, you reported your interest correctly. It should appear in Line 2b of your 1040.
If the total of your foreign financial assets exceed $50K, let me know by responding further in this post and we will gladly address that for you.
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‎January 24, 2023
3:11 PM