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I am a working professional on a F-1 visa and a non-resident for tax purposes. I have transferred some US-based income to my NRE account in my home country. Should I report any interest earned on that while filing taxes?
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As a non-resident alien for tax purposes on an F-1 visa, you are generally only taxed on U.S.-source income. Interest earned on your NRE account in your home country is considered foreign income and isn't subject to US taxation.
As a non-resident alien for tax purposes on an F-1 visa, you are generally only taxed on U.S.-source income. Interest earned on your NRE account in your home country is considered foreign income and isn't subject to US taxation.
Thank you for the clarification! Would it be counted as not-taxable income since some of my post-tax income was transferred to my bank account in my home country?
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