Deductions & credits

In addition to the comments by @pk , let me point out that,

 

If you are not a US resident or green card holder,

and your only income is from passive investments,

then your income may not be considered US-sourced and you may not be required to file any US tax return.

 

Quick overview:

If you are a US citizen or green card holder, or you are a "resident alien" per the substantial presence test, you are required to report all your world-wide income and pay US tax, using form 1040, no matter where in the world you are living.

 

However, if you are not a citizen, not a green card holder, and not a resident alien, then you are only required to file a US tax return and pay US tax on income that is "sourced" to the US, or "effectively connected" to the US.  This income would be reported on a 1040-NR, which as noted, Turbotax does not include.  You would have to check with a provider that does offer the 1040-NR to see if they allow electronic filing.

 

Also, special rules apply if you enter the US or leave the US in the middle of the year.  I will leave that to @pk to cover.

 

Which income is considered "US source" is complicated, you can start on this web page.

https://www.irs.gov/individuals/international-taxpayers/nonresident-aliens-sourcing-of-income

However, the term "US bank investment" is not enough by itself to determine if you need to pay US tax.