> is the only foreign-source income from the 1099-INT?
I have a few bank accounts (say A1, A2, A3) in one foreign bank (B1) with a very small APY. It produced interest in EUR and USD each month. I converted this interest using the exchange rate on https://www.fiscal.treasury.gov/. Then summarized it and added it into 1099-INT where is payer's name is B1.
This interest appeared on Form 1040 Line 2b and inside Schedule B Line 1.
> Do you have other foreign assets or accounts that would need to be reported on an 8938?
Yes, I do. I have a few accounts A1, A2, A3 in bank B1 that produced $3 interest. Also, I have bank accounts, say A4, A5, A6 in bank B2 that didn't have APY. I reported them in 8938 and going to report in FinCEN 114.
> We need to find out first if there is an 8938 FBAR reporting requirement.
I checked the requirements and I need to report both. And I did that.
