Thank you very much for clarifying that.
Although after researching further this answer contradicts with this answer (<a rel="nofollow" target="_blank" href="
https://ttlc.intuit.com/questions/3224627-i-had-a-foreign-bank-account-with-a-balance-of-less-than-1...>
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You do not have to report your foreign bank account on your tax return unless the foreign account goes over $10,000 for just one day, you have to file an FBAR.
Also you will need to report any foreign bank interest you receive because US citizens and residents are required to report all worldwide income in USD on your tax return.
If you have foreign bank accounts, you may be required to file a Report of Foreign Bank and Financial Accounts (FBAR) if are a US citizen or resident and:
you had a financial interest in or signature authority over at least one financial account located outside of the United States; and
the aggregate value of all foreign financial accounts exceeded $10,000 at any time during the calendar year reported.
To be directed to the US Treasury Government Website to prepare a Report of Foreign Bank and Financial Accounts, click FBAR (TurboTax does not support this form)
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So should i check "YES" in case of "Owned or signed on a foreign bank, broker, or other financial account." or Say "NO", as I am reporting interest with the 1099-INT as well?
Again thanks for clarifying it.
