Update: Eureka! I managed to transfer the FBAR data after all.

So, I updated both PS 2023 and 2024 as per your suggestion. Then I transferred the 2023 PS file to 2024 PS file of one client and when I got to the Form 114 section I was asked if I wanted to transfer the State data. I chose NO since he did not have a State form. No FBAR data came up.

So I tried YES, even though there was no State data to be transferred, and viola, the FBAR data was there 🙂 Doesn't make any sense but it worked. I was surprised that Intuit told me that the transfer feature was not available when it is. Oh well. All's well that ends well I guess.

So thank you so much for solving this and saving me hours of precious time.