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

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 🙂

posted

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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