For one of the saving account, rule says "For calculation of share of an individual in joint account, each joint holder have equal share in each joint account." I am a secondary joint holder of the account, along with my parents as the primary holder. The interest is directly deposited into parents account which I do not have access to, and also I do not take the interest or deposit/withdraw from the account. The Money was originally deposited by my parents. I have not done any transaction on the account. The account value > $10k. Should I be reporting it on FBAR, if so as a join account or signatory authority? Should I pay income tax along with my taxes in US. My parents are non US residents.
