Foreign account

[BeeBee4]

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 

[MinhT1]

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

Nonresident aliens aren't required to file FBARs.

[BeeBee4]

Thank you!

[BeeBee4]

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? 

[SusanY1]

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:

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

[pk]

@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?

(c) how did you file in 2022?

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

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