@valleybuy , even though IRS Schedule-B uses "must fill out" the tick boxes there is NO requirement for an amended return -- (a) amended returns are for cases where there is a difference in either taxable income and/or tax liability ; (b) there is no curative mechanism for the error you quoited; (c) Note that this tick boxes are to cover the case where the filer has foreign income ( passive ) but does not meet the requirements(s) for FBAR ( FinCen form 114 ) and/or FATCA ( form 8938 ).
Thus my opinion / suggestion would be to hold still and see the IRS come calling , in which case admit error and there should be no further issue. I say this because the governing requirements are the FBAR and FATCA -- which you have complied with.
Is there more I can do for you ?
