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Do I have to report on FBAR accounts that are empty (or near empty) or that were closed before I became a US resident?
I immigrated to the US in Fall 2017 (Green Card).
During 2017, the cumulative value of my foreign financial accounts exceeded $10,000. Before the move, I closed several accounts in my foreign country (these accounts never exceeded the $10k threshold individually). Also, I have a few very old accounts which are either empty or have amounts like $0.01. Am I required to report these accounts?
‎June 6, 2019
8:27 AM