Search found 2 matches

by qrchunra
Tue Apr 27, 2021 9:55 am
Forum: Canada / United States Tax & Accounting
Topic: Form 8938-Maximum Value & assets not required to be reported
Replies: 1
Views: 903

Re: Form 8938-Maximum Value & assets not required to be reported

forgot to mention: dual citizen. need to fill out form 8938. Appreciate the help. Thanks a lot.
by qrchunra
Mon Apr 26, 2021 2:11 pm
Forum: Canada / United States Tax & Accounting
Topic: Form 8938-Maximum Value & assets not required to be reported
Replies: 1
Views: 903

Form 8938-Maximum Value & assets not required to be reported

Hi, have 3 questions relating to Form 8938. 1. In your FBAR_2020_v3 sheet, 'Maximum Vaule* during the year'. Does this refer to the balance in the account? If an account has 10k, credit account with 15k and debit 15k on the same day. Account remains 10k balance. Can I use 10k as the maximum value? 2...