Hello! Thank you for this thread, I'm in the same situation. I just wanted to ask you one last thing about this use case:
When you say "Now next year if you do not re-patriate the amounts to the USA, you will have to report both FBAR and FATCA". Does it mean that the FATCA (which is included in the tax return declaration), will have as consequence to make this amount of money (gift) taxable the next year?
