@pk @DaveF1006 Thank you for your replies.
@DaveF1006 on form 8938 line 6, captures the cumulative value of all the deposit, listing of each one per your suggestions throws the number out of sync, meaning the same monies gets counted multiple times !! Is that ok and does it cause any issues ? Here is a thought, every bank has a Customer Identifier number as part of customer profile, all of the accounts, CD/saving etc with different account numbers will be under this Identifier. If I were to use that and give the Max value before CDs were opened would that suffice ? Since customer ID gives a list of all the accounts and its balances that would add up to the max value at any give time in the calendar year. That said would it not be analogous to a brokerage account and its max balance ? we don't have to list the multiple stocks and bonds, with each of it max values, we just do the one brokerage account.
Thanks
