You'll need to sign in or create an account to connect with an expert.
But does this affect FBAR filing? As most of that income was in a bank outside US.
How will I elect my status as US resident?
Thank you for your answer!
Your residency start date is when you got your green card. So, yes, if you have more than $10,000 in foreign accounts after you got your green card, you would need to file a FBAR.
No. Not as long as you do not make an election to be treated as a US Resident for the entire year. You would only include income from the time you received your Green card on your return.
But does this affect FBAR filing? As most of that income was in a bank outside US.
How will I elect my status as US resident?
Thank you for your answer!
Your residency start date is when you got your green card. So, yes, if you have more than $10,000 in foreign accounts after you got your green card, you would need to file a FBAR.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Dayvontae
New Member
rsmith160
New Member
olafblui
New Member
Avickowski1
New Member
Hawkpilot
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.