itonewbie
Level 15
09-24-2020
07:21 PM
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There has been no formal guidance on the reporting of crypto accounts on FBAR. However, the FinCEN did respond to an inquiry from the AICPA Virtual Currency Task Force and stated that crypto held in an offshore account is not within the definition of reportable accounts. Cash balances in such foreign accounts and wallets, on the other hand, may still be reportable on FBAR.
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