I am preparing my FBAR submission, which will include a few Japanese bank accounts that I have a combined savings that exceeds the $10k reporting threshold. Also, last year I opened a new Japanese bank account and received a bridge loan to purchase land, so the bridge loan amount was temporarily deposited into my bank account last year. Do I need to include this new bank account, which was used only to receive a bridge loan, in my FBAR submission using the bridge loan amount?
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by ZenJapanMan