One question on FBAR - As per turbotax forms, i have understood that the FBAR covers only foreign bank accounts. It does NOT cover foreign stocks and brokerage account. If my brokerage and stocks are more than USD 100,000.00 then i need to file FATCA in place of FBAR. Is this correct? If not, then why FBAR report is having an option of securities along with Bank. Gurus, please help.
