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miu56789
New Member

Married filing jointly. Spouse must file FBAR, while I don't need to, but name/SSN on tax return would be mine. How to answer Schedule B part III "is FBAR required"?

My spouse has over 10k in foreign assets (in their name only) and is required to file FBAR.

I do not have any foreign assets over 10k and therefore believe I am not required to file FBAR.

I'm not sure how to fill out Schedule B, the part where it asks if FinCEN form 1114/FBAR is required, since I am not required to file FBAR, but my spouse (who is not the "main" person on the return) is required to file FBAR:

  • Do I say "no" because I am not and it is my SSN on schedule B?
  • Or do I say "yes" because my spouse is required to do so?
1 Reply
ToddL
New Member

Married filing jointly. Spouse must file FBAR, while I don't need to, but name/SSN on tax return would be mine. How to answer Schedule B part III "is FBAR required"?

You would answer "Yes" - if your spouse is required to comply with Report of Foreign Bank and Financial Accounts (FBAR) rules and you are filing a joint return.

Although only one spouse's SSN (yours) is used to identify and process a joint tax return, the other spouse's (your wife's) SSN is equally considered as part of the return.

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