kan048
New Member

Joint foreign account with parents non US residents. should i add the interest in my tax return? I do not enjoy any income on that acc. i am joint holder for emergency.

I am US resident as i pass the presence substantial test and i am holder of a joint foreign account with my parents who are non US resident and do not file taxes. i do not enjoy any income on this account and i am holder of this account for emergency purpose. do i need to add the interest earned on this account on my US tax returns?