do I have to report an amount of $48USD foreign interest
income from a saving account in foreign bank that is more than $10 000 and less than $50 000? I already
reported it to FBAR. While preparing tax return, turbo-tax
asks, "Was the total value of your specified foreign financial assets more
than $100,000 on the last day of 2016 or more
than $150,000 at any time during the year?". To which I answer,
"No" and then I see the following recommendation, "Based on what
you told us, it turns out you don't need to report your foreign financial
assets."
Last year I filled just the basic/simple tax 1040A reporting the interest in Dividends and answer the question in Part III that I submitted FBAR.
This year is my first time with Turbo tax, I cant find that Part III. also it is suppose to be for free but is asking me to pay for fill it.
I'm a USA resident.
