DaveF1006
Expert Alumni

After you file

Yes, in line 6, the way the question is structured, you would record  $20,000 as being the maximum value of all deposit accounts, since these are two separate accounts.

 

In line 23, you would provide information for the closed account and then indicate it was a closed account by placing the check mark in the appropriate box. Then you need to prepare an additional statement for the account that the money was transferred to and select account opened during the tax year.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"