Question
FBAR zero balance option not working
The “-2” option does not work:
Form 114: To be required to file Form 114, the total value of all accounts on the spouse Form 114 must either be greater than $10,000 or at least one account must indicate that the maximum value of the account is unknown on the applicable account's line 15a. To indicate line 15a is unknown, enter a -1 in "Maximum value of account (-1=unknown, -2=zero)" on the applicable account. If neither of the above apply, Form 114 may not need to be filed. Please review the 114 instructions for applicability. US - Ref #2049965”
