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I am an indian citizen on H1B visa I have a bank account in india less than $500 . Yes/not-"did you own/control a foreign bank account, trust or financial asset in 2024?"
I am on h1b visa and passed the substantial presence test for 2024 taxes, so i'm considered as us resident for tax purposes. i have a bank account in india but there is no income or transactions that is more than 500 dollars. even the balance is less than 500 dollars. In this case what should i answer to this question "did you own/control a foreign bank account, trust or financial asset in 2024?" yes or no?
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‎April 8, 2025
9:13 PM