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Level 2
December 7, 2019
Solved

I don't understand why I can't E-file an FBAR (Form 114) with an account with a zero balance. Zero balance accounts needs to be reported, so why does it prevent you?

  • December 7, 2019
  • 1 reply
  • 23 views
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Best answer by itonewbie

Agree with you that account with zero balance could be reportable for FBAR purposes.  Could you please provide more facts and explain what you meant when you say PTO prevent you from filing the FBAR?

1 reply

itonewbie
itonewbieAnswer
Level 15
December 7, 2019

Agree with you that account with zero balance could be reportable for FBAR purposes.  Could you please provide more facts and explain what you meant when you say PTO prevent you from filing the FBAR?

---------------------------------------------------------------------------------Still an AllStar
Level 2
December 7, 2019
PTO Gives you a critical diagnostic that prevents E-filing if you enter an FBAR Account with a zero balance