My child has a foreign bank account (it's his only account) that generated $9 of interest last year.
Since he earned less than $1050, turboxtax says I don't need to file form 8814, is this correct ?
Since it is a foreign account, should I list his account on my form 8938? I have to file form 8938 because I also have foreign accounts.
Last question should I add his account on my FBAR ? Or should I file an FBAR for him? I don't think he needs an FBAR since his account has only $1000 ?
Thanks
