2947170
You'll need to sign in or create an account to connect with an expert.
Yes, you do if at some point in 2022, you had foreign bank accounts totaling as least $10,000. This applies even if you moved the amounts to the US later in the year.
You can find more details and file your FBAR online, by clicking here.
The movement of personal funds from one bank account to another is NOT income and is not reported on any income tax returns. On the FBAR (if you need to file one) it will simply show less money in foreign accounts this year.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
happysue19
New Member
William--Riley
New Member
Idealsol
New Member
Aowens6972
New Member
HNKDZ
Returning Member