Originally posted by ush74
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Hi,
I would like to know if I have to file FBAR or not
1. I don't have any FD in any of the banks
2. The balance in my bank account never crossed $10
3. I have shares in India worth more than $10K. Is the shares counted for FBAR ? My tax consultant told me that if I sell my shares worth of $10K then only I have to file FBAR. If I have it as is , then I don't have too.
4. I have ICICI life insurance bond - Is it counted for FBAR ? if so, the total value or only the interest part. As its annual payment and I cannot avail any benefit until it matures, I am not sure what value to be put in
5. My mom gifted me a Kishan vikas bond long time back. Its from the post office. Is is counted for FBAR.
Pls guide me by providing the details. Thank you in advance for your help.
Thanks
Amutha
I would like to know if I have to file FBAR or not
1. I don't have any FD in any of the banks
2. The balance in my bank account never crossed $10
3. I have shares in India worth more than $10K. Is the shares counted for FBAR ? My tax consultant told me that if I sell my shares worth of $10K then only I have to file FBAR. If I have it as is , then I don't have too.
4. I have ICICI life insurance bond - Is it counted for FBAR ? if so, the total value or only the interest part. As its annual payment and I cannot avail any benefit until it matures, I am not sure what value to be put in
5. My mom gifted me a Kishan vikas bond long time back. Its from the post office. Is is counted for FBAR.
Pls guide me by providing the details. Thank you in advance for your help.
Thanks
Amutha
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