Do I need to report a FBAR? I live in Japan and have a Japanese bank account that is just over 10K USD. TurboTax is saying yes and no.

[samurai226]

When I submitted my background info, it says that since the total value of your specified foreign financial was not over 200,000 USD/ 300,000 USD. It says, "Turns out you don't need to report your Foreign Financial Assets." Confused if I need to submit an FBAR or not.

[pk]

@samurai226  seems like a duplicate of another question by you -- please my detailed answer there.

However, in this particular question , TurboTax is talking about FATCA form 8938 --- for this the requirement to file varies with your tax-home  -- i.e. US or foreign/abroad.

FBAR form  ( form 114 )  is the one you can only file  online  i.e. not connected / associated with your return -- even though  TurboTax will ask you if you needed to file a FBAR form ( just wants to highlight that you may have to file one ).