LinaJ2018
Intuit Alumni

Deductions & credits

According to IRS regulations, as the total aggregate value of your financial account does not exceed $10,000, you are NOT required to report your financial assets, either on the Form 8938 Statement of Specified Foreign Financial Assets nor FinCE Form 114 ( FBAR).  

Please see attached link for details. 

https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements