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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 Reply
SusanY1
Expert Alumni

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?

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.  

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