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Foreign account combined interests are more than 49 cents
I have 2 foreign accounts of the same bank. Individually the interests are 49 cents or less but combined are 84 cents. Do I have to treat them as a single foreign account and therefore report them?
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posted
May 31, 2019
7:35 PM
last updated
May 31, 2019
7:35 PM
1 Best answer
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Foreign account combined interests are more than 49 cents
it is your choice -- but I would just lump them together
May 31, 2019
7:35 PM
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Foreign account combined interests are more than 49 cents
it is your choice -- but I would just lump them together
May 31, 2019
7:35 PM
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Foreign account combined interests are more than 49 cents
I was planning to report them as separate account even though individually the interest is less than 49 cents. One is a saving account in USD and the other is a saving account in country's local currency. This way I'm reporting them but at the same time I keep the detail that these are in fact 2 different accounts. I'm not sure if turbotax allows to enter the account number to tell one from the other. I could not find it. If not I think I would do better if I lump them together.
May 31, 2019
7:35 PM
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