I just want to confirm that whether or not I need to file form 8938.
If I add the max values of all my accounts it equals about $220K. On December 31st 2016, the total value of all accounts was less than $200K and I obviously never had $300K or more during the year.
My understanding is that based on that, I would not have to file form 8938, am I correct?
Thank you.
Form 8938
Moderator: Mark T Serbinski CA CPA