I am really confused about what forms I have to fill and submit for my 2015 Tax return in USA. I am an Indian lived in USA for whole 2015 tax year.
I have a joint NRE account with my spouse in India with SBI. I have incurred some interest on that account for the FDs I made during 2015.
The total value of the NRE account exceed $50,000. Interest earned on those FDs do not exceed $1500, $1192 to be specific (converted from INR to USD, rate used from US Treasury).
Do I have to file Form 8938?
Do I also have to fill FBAR form from their website?
Since my total ($10 1099-INT + 67 1099-DIV + $1192 Interest from Foreign bank account) interest is less than $1500, I am assuming I do not have to fill Schedule B.
Which line of form 1040 I enter this foreign bank interest into?
I went through FATCA information on IRS website. But clueless.