Hi. When do we have an interest in the specified foreign financial account or asset? Is it if any income, gains, losses, deductions, gross proceeds, distributions from holding or disposing of the account would be required to be reported or included or reflected in the income tax return … and if such, if the interest amount earned from a joint bank deposit account goes straight into the other joint account owner (A) savings account which owner B has no access to, is joint account owner (B) required to file Form 8938?
Thank you!
