I understand this situation, I followed the instruction as suggested by turbo tax according to this - You need to say "yes" or check the box when the program asks if you had "Owned or signed on a foreign bank, broker, or other financial account." My question is: My foreign account balance was less than $10000 at all times during last calendar year, But I received interest < $50 and > $10 on that income, so do i still need to report this interest received using 1099-INT option?
