I am a resident alien for tax purpose. I understand I need to report my interest income from the foreign bank regardless of the amount in schedule B and also I need to file a Fincen form 114 (FBAR) if I meet the threshold.
How do I report the interest income from a foreign bank account which I jointly own with my father who is not a US citizen and never came to US. Is there any difference in the way I should report because he is the primary on that account and hes the one who is using the account primarily. There is also some tax deducted at source by the bank for the interest.
Please advise. Thanks for your time.
