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Get your taxes done using TurboTax
Many thanks. I assume you mean if the balance in the natwest bank account is above 50k (we assume the owner only has amex credit card account and natwest deposit bank account), the holder needs to report the natwest bank account (not Amex credit card account) to 8938. Otherwise, the holder just reports the natwest bank account (not Amex credit card account) to Fbar, right?
March 30, 2023
10:56 AM