Turbo tax form for 1099 div asks if FATCA filing requirement box is checked

why do I need to worry about FATCA requirement

posted

If you hold international stock.

"FATCA requires certain U.S. taxpayers who hold foreign financial assets with an aggregate value of more than the reporting threshold (at least $50,000) to report information about those assets on Form 8938, which must be attached to the taxpayer’s annual income tax return"

Link about FATCA

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