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Deductions & credits
Thanks!
Just to clarify "United States person that has a financial interest in or signature authority over foreign financial accounts "
That foreign account is currently under the control of my relative's estate agent. Does this count as me "having a financial interest" in this account? I do not currently own any bank accounts myself outside the US, nor do I plan to open one to transfer the inheritance there. According to the current plan it would go directly into my US brokerage account.
Do I still have to file an FBAR in this case?
Also, is the FBAR just for information or will any part of my inheritance be taxed in any way?
‎September 5, 2022
2:29 PM