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Problem with getting "YES" in Form 1040, Shedule B, Foreign Accounts and Trusts
I had foreign bank accounts with over $10,000 during 2018, but not over 100,000/150,000 (filing jointly). I answer all the questions accordingly when going through the guide of Form 1099-OID. I did fill interest fro, those foreign accounts in Form-1040
But when I review documents before filing I see 7a has NO and NO which does not seem correct. I did have to file FinCEN and I did have foreign accounts. Just not over the threshold.
But when I review documents before filing I see 7a has NO and NO which does not seem correct. I did have to file FinCEN and I did have foreign accounts. Just not over the threshold.
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‎August 21, 2019
11:28 PM