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Get your taxes done using TurboTax
Yes, you are correct. You need to file both. You previously asked what to put for schedule and line number. If you earned any foreign interest from your foreign bank account, then you need to report it as if you received a Form 1099-Int. This will be found on Schedule B, line 1. If you did not earn any interest from your foreign bank account, then leave that part blank.
If you did not report any tax item for a specified foreign financial asset on any form or schedule for the tax year, check the box on line 3d of Part V or Part VI for the account or asset.
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March 15, 2020
1:13 PM