I have two foreign accounts to be reported on Form 8938 and FBAR.
Account 1: On May 1, 2019 the maximum value in this account was $150,000. On May 13, 2019 this $150,000 was transferred to Account 2. The next day, May 14, 2019 the $150,000 was wired from Account 2 to me in the USA.
Do I need to report the maximum balance in Account 1 as $150,000, AND ALSO report the maximum balance in Account 2 as $150,000?
