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FBAR form ( FINCEN 114 ) deals only with foreign bank accounts with aggragate value of $10,000 or more -- you do not report interest income on that form. However on your 2016 federal and state returns you would need to recognize / report report all incomes , including foreign interest earned while a resident/ citizen of the USA.
If you have already filed (and have been accpted by the IRS ), you will need to amend your filed return.
Does this cover your situation or did I misunderstand ?
FBAR form ( FINCEN 114 ) deals only with foreign bank accounts with aggragate value of $10,000 or more -- you do not report interest income on that form. However on your 2016 federal and state returns you would need to recognize / report report all incomes , including foreign interest earned while a resident/ citizen of the USA.
If you have already filed (and have been accpted by the IRS ), you will need to amend your filed return.
Does this cover your situation or did I misunderstand ?
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