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Get your taxes done using TurboTax
According to the IRS, you must file an FBAR if you are:
A United States person, including a citizen, resident, corporation, partnership, limited liability company, trust and estate, must file an FBAR to report:
- a financial interest in or signature or other authority over at least one financial account located outside the United States if
- the aggregate value of those foreign financial accounts exceeded $10,000 at any time during the calendar year reported.
The way I read this is you do not need to file an FBAR for 2019.
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March 15, 2020
3:24 PM