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@pk 

So I'm guessing my wife and I didn't need to file form 8938 before 2024?

Please note: I came back to the US in November 2023, worked part time in the US, and claimed foreign exclusion using the physical presence test from November 2022 to November 2023. Before December 2023, I had over 50K in my foreign bank account. Does FACTA affect me because I lived in the US from November to December 2023?