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Get your taxes done using TurboTax
@Kofian , we have here at least three different items "
(a) Dividend income --- you report the and get taxed on these earnings whether encashed / re-invested or otherwise. This is taxable income for US purposes.
(b) Form 8938 ( FATCA form ) -- this is not a taxable item -- just informational. Here you are reporting all "specified Financial " assets --- you report the actual value at the end of the year but you use the highest value for threshold ( to file ). There may be duplicate counting if you are moving monies between accounts . It is generally looking at liquid and semi-liquid items.
(c) FBAR ( form 114 at FinCen.gov and On-line reporting ONLY ) -- this counts ONLY liquid assets / accounts that you own/ control or have signature authority over. Depending on exacts facts and circumstances, you may have the same accounts reported on both FBAR and FATCA forms.
Does this answer your query ( and without going into specifics of your case ) ?
Do you need more on this -- will be glad to, if you so desire -- ?