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Foreign Bank Account Interest but no taxable income for 2019 - do i still need to file?
For all of 2019 I was studying abroad and did not earn any income, but did have a small amount of interest generated from a foreign bank account (the account's balance being way under the minimum for an FBAR).
Turbotax insists I must upgrade to Deluxe in order to file a 1040 because of having a foreign bank account, despite having a $0 return and no taxable income. Is this accurate? Do I need to file even with no income, because of this bank account interest?
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March 27, 2020
2:20 AM
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Deductions & credits
The amount of interest that you earned will be the primary determinant of whether or not a return is required to be filed in your case.
Check this Interactive Tax Assistant to determine if you need to file: Do I Need to File a Tax Return?
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March 27, 2020
8:06 AM
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