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Hi Catina,
I have read the below documentation and given below are the findings:
1. Foreign stock needs to be filed only in FATCA (Form 8938)
2. FATCA (Form 8938) is required when the total value of foreign stock is exceeding USD 100,000.00 (USD One hundred thousand only).
3. If we decide to file FATCA (Form 8938) then FBAR is not required.
4. If FATCA (Form 8938) is filed then i need to include cash balances for the year (similar to FBAR).
Please confirm the above understanding.
