I am US resident as i pass the presence substantial test and i am holder of a joint foreign account with my parents who are non US resident and do not file taxes. i do not enjoy any income on this account and i am holder of this account for emergency purpose. do i need to add the interest earned on this account on my US tax returns?
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No, if you did not actually receive any of the interest income, you are not required to report it on your tax return.
No, if you did not actually receive any of the interest income, you are not required to report it on your tax return.
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