Is FATCA and FBAR required for a Dual-Status Alien who has departed from the U.S. since the middle of the year?

[quietrack1]

Hi everyone

I was a Dual-status Alien in 2019 (J1 visa). The termination date is on July 29, 2019 (210 days in 2019). I live in another country since the termination date until now. Am I qualified to include the FATCA (form 8938) in the form 1040 and/or file FBAR since I was a Non-Resident Alien since the middle to the end of the year? If the answer is yes for FACTA, which total value of my financial assets, living abroad or living in the U.S, is my threshold?  Thank you.

[pk]

@quietrack1 , are you filing as Dual Status  i.e. form 1040 ( supported by TurboTax ) covering the  period 01/01/2019 through the day  your visa was terminated / left the country  covering would income and  a form 1040-NR  ( not supported by TurboTax ( covering ONLY US sourced/connected income  for the rest of the calendar year 2019?

Generally FBAR and FATCA requirement are dated  the end of the  year but it does not  hurt for you to  comply with requirements  through the period that you were a resident alien for tax purposes.

Does that answer your query or you need more info ?

[quietrack1]

Hi @pk 
Yes, I'm filing as Dual-status and my plan is what you've mentioned, form 1040 for the period in the U.S. and form 1040-NR for the rest of the year abroad. 

And since I was not in the U.S. at the end of the year 2019, the FATCA $75,000 during the year threshold is for my situation, is that correct? 
Thank you for your suggestion. 

[pk]

 @quietrack1  yes , I would follow a conservative path --  for FATCA, , mostly because   while it has no tax consequences,  it just  shows compliance intentions.

Good Luck