vivsesh
New Member

Should I check the 'FATCA filing requirement' checkbox if I am adding a 1099-INT for interest earned on a foreign bank account?

I have more than $10,000 worth of deposits& interests but less than $50,000 in my foreign accounts in India (which would mean FBAR is applicable but 8938 is not). Hence, I understand I am required to file FBAR. On my tax return, I have to include the interests obtained in these accounts using 1099-INT. Since the foreign bank doesn't provide one, I will enter one myself. There is a checkbox 'FATCA Filing Requirement'. Should I check this? Thanks in advance!