Thank you so much, geauga. Your responses have been very very helpful.
Another question please -
1. Mutual Fund investments do not earn any ''interest'' per se. So should it be fine to not report it for US taxes BUT report it in FBAR ?
2. While reporting mutual funds investments for FBAR, do we need to put in the valuation as of 12/31/2020 ? Given the fund value keeps changing, I am not sure how to evaluate the amount to be entered.
Many thanks again!
