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Deductions & credits
you wrote : "I went to foreign account as I am required to declare all foreign accounts, which is part of a FinCen requirement. "
Sorry that FBAR ( as you say it ) is NOT CORRECT. Please see the following:
FBAR --- Report of Foreign Bank and Financial Accounts (FBAR) | Internal Revenue Service
Note this has a threshold of US$10,000 ( there are a few ands, ifs, buts ) and you file this online -- form 114 at FinCen.gov
FATCA -- About Form 8938, Statement of Specified Foreign Financial Assets | Internal Revenue Service
-- this you file with your return and has a threshold that is dependent on your filing status and your tax home.
Is there more I can do for you ?
‎February 8, 2025
7:28 PM