Im an expat and if i have $12000 in my US account which is not income but its just my savings lying there then where do i show them in taxes? is it taxable or no?
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Im an expat and if i have $12000 in my US account which is not income but its just my savings lying there then where do i show them in taxes? is it taxable or no?
im a US citizen living outside US all my life and just last year when i visitied US i moved some of my savings to my US account. is it taxable? where to show it on taxes?
Im an expat and if i have $12000 in my US account which is not income but its just my savings lying there then where do i show them in taxes? is it taxable or no?
You do not report the amount of funds you have in a US bank account on a US federal tax return. You only report the amount of interest earned on those funds, if any, on a tax return and then only if your total income is above the minimum filing requirements.
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