How many joint owners do I enter on Form 114, and do I count myself?
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Short answer
Don't count yourself. In Part III Item 24, enter the number of joint owners other than you. If you don't know the exact number, give an estimate.Source 1
How the rule works
Count the other owners of this account, not yourself. The item doesn't ask how many foreign accounts you have or how many people live in your household. The next items identify the principal joint owner.Source 1
Example
An account has three named owners: you, your spouse and your adult child. You enter 2. A two-owner account shared by you and your spouse has 1 other joint owner.Source 1
What to check
Check the bank's list of account holders for the reporting year. Report each jointly held foreign account at its full maximum value.Source 1
Related questions
- Who is the principal joint owner when an FBAR account has three or more owners?
- What if my joint account owner has no U.S. taxpayer identification number?
- Can my spouse and I file one FBAR together?
- Can spouses file one FBAR if one spouse has signature authority over an employer's foreign account?
- How to file an FBARBSA E-Filing step by step, what you need and what happens after you submit.
Full rules and more examples: Joint accounts, spouses and children
Sources
Official sources used for this page.
Source 1: FinCEN, Reporting Jointly Held Accounts (opens in a new tab)
Part III instructions, full account values, joint owner count, principal joint owner identity and blank items.
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