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If it was a joint account, you meet the requirement of a Financial Interest. If the account had a balance that exceeded $10,000 at any time during the calendar year, you have to file a This is a cumulative balance, meaning if you have 2 accounts with a combined account balance greater than $10,000 at any one time, both accounts would have to be reported.
You are required to file a FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR)If it was a joint account, you meet the requirement of a Financial Interest. If the account had a balance that exceeded $10,000 at any time during the calendar year, you have to file a This is a cumulative balance, meaning if you have 2 accounts with a combined account balance greater than $10,000 at any one time, both accounts would have to be reported.
You are required to file a FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR)Still have questions?
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