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FBAR & Mutual Funds - How to declare?
I came from abroad in 2019 and I am currently a US Resident for Tax Purposes. In my home country, I have a brokerage account and acquires shares of several mutual funds.
I now I need to disclose that since the minimum threshold is met, but my question is: should I declare each one of the mutual funds separately or should I include all of them summarize in the brokerage account? Couldn't find anything related to that in the forum...
If I remain in doubt, I am thinking on declare one by one to avoid any issue (In my head it is better to over-declare rather than to under-declare).
Any advice on that?
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March 17, 2020
10:19 AM