topic Foreign account in Deductions & credits

Foreign account

BeeBee4 — Wed, 11 Feb 2026 07:33:55 GMT

Hello,

I am from a foreign country and have a bank account in that country but lived in the U.S for a while, do I need to report that I have a foreign account since this is my home country?

Thanks

Re: Foreign account

MinhT1 — Mon, 15 Apr 2024 22:00:39 GMT

You only need to report a FBAR if you are a US citizen or US resident.

Nonresident aliens aren't required to file FBARs.

Re: Foreign account

BeeBee4 — Mon, 15 Apr 2024 22:03:00 GMT

Thank you!

Re: Foreign account

BeeBee4 — Mon, 15 Apr 2024 22:19:20 GMT

Turbotax is asking that I upgrade to deluxe plan because I acknowledged that I had a foreign account. Please how do I go about this?

Re: Foreign account

SusanY1 — Mon, 15 Apr 2024 22:35:23 GMT

This is due to the fact that Schedule B is created to report that you have a foreign account, even if the foreign account isn't subject to FBAR reporting (that's a separate check box on Schedule B).

If this doesn't apply to you, change the answer to no and then follow these steps:

Click on Tax Tools in the menu on the left
Click on Tools
In the pop up box select Delete a Form
Scroll down the list to Schedule B and delete this form

Re: Foreign account

pk — Tue, 16 Apr 2024 03:16:25 GMT

@BeeBee4 , generally agreeing with the answers from my colleagues @MinhT1 and @SusanY1 , I am unsure if you are a Resident for Tax purposes ( hence subject to FBAR and FATCA regs ) or you are still a Non-Resident Alien.

(a) which country are you from?

(b) what visa are you on?

(d) your source of income ( business / wages / teacher / student or what )?

Please answer and I will circ le back once I hear from you