MC1975
New Member

FBAR requirement for having foreign bank account > 10k but less than 100k

I have transferred more than 10K into a bank account Overseas during 2016 which is owned by me. While filing the return using TurboTax, it states that since total value is less than 100K, there is no need to file FBAR.

I am confused. Whether I should file FBAR or not? Plz suggest