MarilynG1
Expert Alumni

Tax law changes

Is your mom required to file a US tax return?  If so, did she receive any income from her account? Here's more info on Resident/Non-Resident Filing.

 

 If you had more than $50,000 as a Maximum Balance in your accounts, you do need to file a Form 8938 "Statement of Specified Foreign Financial Assets", which TurboTax handles. 

 

However, you would need to file a FinCENForm 114, which is not handled by TurboTax. Click here to file FinCENForm 114:  https://bsaefiling.fincen.treas.gov/main.html

 

File your Form 1040 as directed and file the FinCENForm 114 from the above-attached link.   Also, see this for reference: Comparison of Form 8938 and FBAR Requirements.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"