Thank you for your reply. I understand point (a). Regarding point (b), it is applicable to me. Is this treasury form 114 needs to be filed along with income tax return? or is it complete separate filing? I also file FBAR every year separately sometime in May. Is this form 114 is different than FBAR?
Can you also clarify point (c). How to report it?
Every year i file my returns through CPA. This time i am planning to use Turbotax. I just have confusion about my foreign income declaration because interest income is around $800 and total value in those accounts is more than $10,000.
Thanks!!
