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As a resident alien for tax purposes for 2018, do I need to report interest on my foreign bank account even though my account balance never exceeded $10,000?
Here are my questions:
- Do I need to report interest on my foreign bank account even though my account balance never exceeded $10,000?
- If so, how do I submit the interest through TurboTax Premier?
- If it is through entering my foreign interest income as if I have received 1099-INT, which boxes do I have to fill out? (only Box 1 & Box 6?)
- Do I need to check "FATCA filing requirement box is checked"?
- Since my account is less than $10,000 I do not plan to file an FBAR to report my account. Is that a good move?
Thanks in advance for your help!
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‎June 4, 2019
6:49 PM