Search found 1 match
- Thu Feb 08, 2024 5:57 pm
- Forum: Canada / United States Tax & Accounting
- Topic: GIC Accrued Interest and FBAR Maximum Account Value
- Replies: 1
- Views: 887
GIC Accrued Interest and FBAR Maximum Account Value
Hi, Question about GIC accrued interest and maximum account value on FBAR. Should accrued interest in a non-registered GIC account be included in the maximum account value on an FBAR? For example, consider a $20,000 GIC purchased on 9/1/2023, maturing 8/31/2024 (simple interest, paid at maturity). I...