I took up residency in the USA May of 2017. I just filed my taxes with Intuit, and I had reportable income from June till now, but I'm confused on the FBAR requirements on my Canadian accounts.
I know I am exempt from FATCA, but if I had over $10,000 in foreign accounts before I moved, does that still count against me?
You'll need to sign in or create an account to connect with an expert.
Yes, you do need to file an FBAR because your Canadian account was over $10,000 during part of the 2017 tax year.
Yes, you do need to file an FBAR because your Canadian account was over $10,000 during part of the 2017 tax year.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
jyee315
Returning Member
brian94709
Returning Member
SoarHighBeFree
Level 1
AMS1234
New Member
Scottn1
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.