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Get your taxes done using TurboTax
Hello. I am an American citizen that currently living in India. I opened a NRE account in middle of 2023, and I moved to India Nov 2023. I just filed my taxes for 2023, but I realized I had interest income of roughly 16 dollars (1400 rupees) from my NRE and I forgot to report. I did not have to do FBAR because I did not go over $10,000. From what I am reading in this article is that I have to file for that $16 interest. Is that correct? Also, would I have to ammend my return? Just to ensure I understand, I convert to dollars they day the amount came in. So for example, if on 11/1/2023, I was paid 1000 rupees in interest, could I go to yahoo finance for that day and convert to dollars? Then for each day, the totals in dollars?
‎April 18, 2024
2:24 AM