Hi,
Another question : why schedule B form state that if you have interest from foreign bank and you have to file form 8938.
Part III
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At any time during 2020, did you have a financial interest in or signature authority over a financial account (such as a bank account, securities account, or brokerage account) located in a foreign country? See instructions . . . . . . . . . . . . . . . . . . . . . . . .
If “Yes,” are you required to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), to report that financial interest or signature authority? See FinCEN Form 114 and its instructions for filing requirements and exceptions to those requirements
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But Turbotax don't allow to file form 8938 if you total assets is less than 50K. Please let me know whether it is bug. I tried to use a Desktop App ( home and business version).
Thanks
