JeffreyR77
Expert Alumni

Deductions & credits

You only need to report on your FBAR accounts with an active balance during the year  if the account has a maximum balance of zero during the year, it does not meet the reporting threshold. 

 

Part II is continuation of separate accounts if you run out of room entering your accounts and Part III is used for entering Joint accounts. 

 

As you are an individual, you would not use Part III. 

 

You will need to submit your FBAR to the BSA Website.

 

BSA Website