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Get your taxes done using TurboTax
It depends. You required to file FBAR if you're a U.S. resident. FBAR reporting is required if the aggregate value of the U.S. person's foreign financial accounts exceeds $10,000 at any time during the calendar year. U.S. persons include U.S. citizens and U.S. residents. $10,000 limits applies to each person, and the accounts should be reported by their owner. Married Filing jointly filing status doesn't change the requirements.
March 9, 2021
4:26 PM