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Level 2
posted Mar 27, 2020 9:20:08 PM

Married filing jointly, spouse's bank account has more than $10k in 2019

My spouse has over $10k in foreign bank account (in their name only) and is required to file FBAR.
I do not have any foreign assets over $10k.

 

Do we both have to file FBAR?  or only my spouse needs to file FBAR? I have answered FBAR requirement as yes, in turbo tax.

 

 

Thanks in advance  🙂 

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1 Replies
Expert Alumni
Mar 28, 2020 1:05:25 PM

No, if you do not own foreign assets over $10k then you do not have to file FBAR. Only your spouse will need to file FBAR.