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New Member
posted Apr 13, 2024 8:10:28 PM

I have done multiple transfers to my Indian account. The combined total of all these transfers is more than 10 grand. Should I file fbar?

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1 Replies
Expert Alumni
Apr 15, 2024 9:50:27 AM

Probably. Here is a comparison of the FATCA (Form 8938) and FBAR requirements. The FBAR is not part of the tax return. It is filed separately. File FBAR through the Financial Crimes Enforcement Network.