FBAR and Schedule B

workerbeeworker · ‎April 11, 2018

Hi,

I have a foreign account with over $10k and I reported the $100 interest on it as if it was a 1099-INT. But I never completed a Schedule B or FBAR, until today until I read about it.

Do I have to amend my previous years return just to check "yes" and file a Schedule B? I already reported the foreign interest in those years. If so, how many years do I have to amend?

Thanks

PaulaM · ‎April 12, 2018

See the IRS link to file previous years FBAR ath this link: FBAR

Yes, you should amend to file the schedule B form. Amend directions here: How to amend (change or correct) a return you already filed

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

FBAR and Schedule B

Get your taxes done using TurboTax