TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

JustAnotherTTUser

Solved

FBAR reporting - Questions on options, vested/ unvested and exercising threshold

Forum|Forum|3 years ago
March 27, 2023
2 replies
0 views

Hi

Questions on what would be included to meet the $10000 threshold for FBAR reporting?

1. Would estimated worth of unvested options be included?

2. Would estimated worth of vested but unexercised options be included?

Thanks.

TurboTax Home & Biz Windows

Best answer by MinhT1

Options when not yet exercised are generally not considered as property and are not reportable on FBARs or form 8938.

MinhT1Answer

Options when not yet exercised are generally not considered as property and are not reportable on FBARs or form 8938.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

One question on FBAR - As per turbotax forms, i have understood that the FBAR covers only foreign bank accounts. It does NOT cover foreign stocks and brokerage account. If my brokerage and stocks are more than USD 100,000.00 then i need to file FATCA in place of FBAR. Is this correct? If not, then why FBAR report is having an option of securities along with Bank. Gurus, please help.

I think these links from the IRS will help answer your questions.

Comparison of Form 8938 and FBAR requirements

Summary of FATCA Reporting for U.S. Taxpayers

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

Hi Catina,

I have read the below documentation and given below are the findings:

1. Foreign stock needs to be filed only in FATCA (Form 8938)

2. FATCA (Form 8938) is required when the total value of foreign stock is exceeding USD 100,000.00 (USD One hundred thousand only).

3. If we decide to file FATCA (Form 8938) then FBAR is not required.

4. If FATCA (Form 8938) is filed then i need to include cash balances for the year (similar to FBAR).

Please confirm the above understanding.