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Thank you for your answer ! Sorry, but I have 2 more related questions ...

 

I am using TurboTax Deluxe. In terms of FORM 8938 it asks me to enter “Type of Account” - either the “Deposit” type or the “Custodial” type. Are Certificates of Deposit considered “Deposit Accounts” here? And are Checking & Savings Accounts also considered “Deposit Accounts” in this context? Thank you once again !