FBAR reporting and line of credits

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nanic
Posts: 55
Joined: Mon Nov 21, 2011 2:26 pm

FBAR reporting and line of credits

Post by nanic »

I have been reporting all my accounts via FBAR. However I have a Line of Credit and a HELOC. When I add these to accounts with my investment account, I have a negative aggregate amount. Does this mean I do not have to file FBAR?
nelsona
Posts: 18686
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

No. you must report all acounts.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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