Does interest earned from Foreign bank accounts need to be claimed for both Federal and state taxes?

posted

Connect with an expert

1 Best answer

Accepted Solutions

Does interest earned from Foreign bank accounts need to be claimed for both Federal and state taxes?

Yes. All your income except for specifically exempt categories must be reported.

View solution in original post

1 Reply

Does interest earned from Foreign bank accounts need to be claimed for both Federal and state taxes?

Yes. All your income except for specifically exempt categories must be reported.

Still have questions?