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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
‎June 1, 2019
2:16 AM