Yes. You can delete Form 8938 from your tax return if you are under the required reporting thresholds for the 2025 calendar year.
Here is an IRS article about Form 8938, Statement of Specific Foreign Financial Assets that discusses the filing requirements.
The filing requirements are based on the aggregate value of your specified foreign financial assets and the reporting thresholds, which vary by filing status and whether or not you live in the US.
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