FBAR Divide or multiply

[riclag]

Using this years Fbar exchange rate 32.92 to a $1. Do I multiply or divide this into 274,000 bht , to come up with the dollar value?

[Thanyaburi Mac]

274000/32.92 = 8323.20777643

[riclag]

274000/32.92 = 8323.20777643

Thanks

[GinBoy2]

Maybe I'm wrong but I thought you only need to file an FBAR in cases of foreign accounts >$10K.

I have filed, but I 'think' I remember the question on this years 1040 regarding the >10K question

[Jingthing]

Well if you have multiple foreign accounts, you need to file ALL of them if they add up to MORE than 10K, even the ones under 10K.

[GinBoy2]

Well if you have multiple foreign accounts, you need to file ALL of them if they add up to MORE than 10K, even the ones under 10K.

The IRS is certainly beginning to hamper my quest to become an International Money Laundering Kingpin....Bast*rds