RPPs on FBAR

[sasktoaz]

I am a Canadian citizen with permanent residency in the US. Last year, my first year filing taxes in the US, I reported my undistributed Canadian defined contribution RPP on the FBAR. I am now reading that RPPs do not need to be reported on the FBAR. Is there consequences for reporting something on the FBAR you didn't need to? Can I leave it off this year or do I need to keep reporting it now?

[nelsona]

RPPs do not meet any of the criteria for FBAR reporting.
I would stop including it.

[sasktoaz]

nelsona wrote:
> RPPs do not meet any of the criteria for FBAR reporting.
> I would stop including it.

Thank you. Would Form 8938 apply? The amount in the RPP did not meet the threshold last year but I expect it will this year.

[nelsona]

I think you can figure that out. It depends on ALL your foreign holdings, not just one account.