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goral14
New Member

I have a bank account in India but I dont bring in any money from india to USA so do I have to show that in tax return and so then where to show ?

I pay my tax return in INDIA and first time will do taxes in USA under my company INC so yet do I need to show my india taxes in my USA filing ?
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ErnieS0
Expert Alumni

I have a bank account in India but I dont bring in any money from india to USA so do I have to show that in tax return and so then where to show ?

Depending on the amount, you may have to file FinCEN Form 114 or IRS Form 8938. 

 

FinCEN Form 114 a/k/a FBAR is filed outside of TurboTax. Click on File FBAR Now.

 

To file Form 8938

  1. Type 8938 in Search in the upper right
  2. Select Jump to 8938
  3. Say "Yes, I have foreign financial assets"
  4. Complete the section

 

Comparison of Form 8938 and FBAR Requirements

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