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Level 2
March 9, 2022
Question

F-1 student tax filing

  • March 9, 2022
  • 1 reply
  • 0 views

I am an F-1 student considered non resident alien do i need to disclose my overseas bank account? I have no idea about the forms and information required to do so

    1 reply

    Level 15
    March 9, 2022

    Only U.S. citizens, green card holders and resident aliens are required to report foreign bank account. 

     

    F-1 visa holders are not considered residents until their 6th calendar year in the United States.  At that point, the Substantial Presence Test would need to be met to be considered a resident. Please see IRS Alien Residency Examples for additional information. 

     

    TurboTax does not support Form 1040NR for a nonresident.  You can prepare your return through a company we partner with called Sprintax

     

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