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Do I need to file Form 8938 if I already report foreign assets on other forms like FBAR (FinCEN Form 114)?
Yes, both Form 8938 and FBAR might be necessary since they serve different purposes and have separate reporting thresholds. While FBAR has its requirements, Form 8938 is part of your annual tax return and may need to be filed, even if you're already submitting FBAR.
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