Hi I have for the two last years lived in Europe. I have had income from the United States and filed there. I had very little income from Norway.

I have not claimed what I earned in Norway, should I refile? I also have money in a Norwegian bank account, where do I claim that?

385

Level 15

Dec 16, 2019 6:31:15 AM

You have 2 separate issues here :

1) yes you need to amend those returns ... on a US tax return you are to report Total Worldwide Income.

2) having money in a bank account is not reported on an income tax return ... Only the interest income is reported (if it earned any). If the amount in the account warrants the filing of the FBAR or form 8938 then those are filed separate from the tax return ... see below

TurboTax supports IRS Form 8938, Statement of Specified Foreign Financial Assets

Go to this IRS website for a comparison of Form 8938 and FBAR Requirements - https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements

File electronically through FinCENs BSA E-Filing System. The FBAR is not filed with a federal tax return.

Why sign in to the Community?

Hi I have for the two last years lived in Europe. I have had income from the United States and filed there. I had very little income from Norway.