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marek705
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Form 8938 - Maximum value of all deposit accounts

I sold an apartment that I inherited abroad. I received $200,000 in local currency, which was deposited into my bank account. The following day, I converted this amount to US dollars and transferred it to another bank account. On Form 8938, I am reporting two foreign bank accounts: one in local currency with a maximum balance of $200,000, and another in US dollars, also with a maximum balance of $200,000. Line 6 of Form 8938, titled 'Maximum value of all deposit accounts,' shows $400,000. Is this correct, or should I overwrite it with $200,000? I have never had $400,000 in my accounts at any one time.

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