Hello, can somebody reply to the FBAR vs having to file the Form 8938 in this situation, where one is the second holder in a foreign bank account. According to this link,
https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements
in the section titled "when do you have an interest in the account or asset", it seems FBAR is required when one has signature authority (which would be the case as the second holder in the foreign bank account) , whereas the 8938 would be required if the proceeds, income etc would have to be reported on the US tax return, which would not be the case as per the prior discussion in the thread. So the question becomes, does Form 8938 have to be filed in this case? I am asking specifically because one of the prior replies mention possibly having to file Form 8938 but does not mention FBAR, whereas it looks the other way around.
