Report a bank account and income produced by the bank account in Schedule A.For You, Your Spouse, and Your Dependent ChildrenSchedule AAggregate all of the bank accounts at a single financial institution that belong to you, your spouse, or your dependent children. Report the bank accounts if the total value of the accounts was more than $5,000 at the end of the reporting period, or if the accounts produced more than $200 in total income during the reporting period. Block A: Provide the name of the financial institution and write “cash account” or “cash accounts.” You need to write “cash account” on the line entry to indicate that you have a bank account with the financial institution rather than stock in the financial institution. Do not provide bank account numbers because your report will be available to the public. Block B: Report the value of the account(s) by marking the appropriate column. Block C: Report the total amount of income that was produced during the reporting period by marking the appropriate “Amount” column. If the amount of income is more than $200, you also need to report the type of income by marking the applicable “Type” column. For bank accounts, the type of income usually is “interest.” Click Here for Frequently Asked Questions
This guide is not intended to provide investment advice, and you should not rely on statements in this guide when making investment decisions.