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am119
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Reporting Foreign Bank account

I have a foreign bank account with way less that $10,000.

When I file taxes and the program asks me whether I do have a foreign bank account, should I say yes or no, since I don't need to declare foreign bank accounts lower than $10,000?

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Reporting Foreign Bank account

Since the value of the foreign account is less than $10,000 you can answer No.

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