Should FBAR be filed if we had/have more than $10000 in all the foreign accounts ( savings, Nre, NRO, fixed deposit etc ) combined at any point of time during the year 2018. Or it is to be filed only if one of the foreign accounts had/have more than $10000 at any point of time during 2018. Please clarify
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- Microsoft wave 🏄♂️If the sum of (max balance for each account for the year) > $10K, you need to file. So with just $3K moved between 4 accounts, you can hit the threshold.