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Get your taxes done using TurboTax
11 is a typo. I am referring to FinCEN form 114 for FBAR. I read the document emailed by Deep P and find that bank balance in foreign country is included in the USD 10,000 criteria, market value of the rental property in foreign country and market value of the shares held in foreign country are not included in USD 10,000 criteria. This has answered my question. I also understand due date for FBAR is April 15, extension to October 15. Thanks to Deep and JandKit
‎October 25, 2023
11:23 AM