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New Member
posted Apr 15, 2024 6:25:41 PM

If I have a dual citizenship in Mexico and I open an checking account with my citizenship there do I have to claim that account in my taxes?

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1 Replies
Expert Alumni
Apr 15, 2024 6:36:16 PM

Maybe.  If the account earns any interest, you will report that in the interest income section of TurboTax.  In addition, if you have a balance in foreign bank accounts (combined) of more than $10,000 US equivalent you may also be required to file FBAR/FinCEN114 which isn't included in TurboTax but is filed HERE.