Question

Do I have to declare the foreign bank account I had before I became a US resident?

Forum|Forum|2 years ago
April 6, 2024
1 reply
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I came to USA in November 2023 as a resident. Before I just visited US as a tourist. I’ve heard that have to declare a foreign accounts as non resident

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V

Vanessa A

It depends. If you still have them as a resident of the US for tax purposes, then yes, you would need to declare them if at any point they had more than $10,000 in them.

However, if you did not move to the US until November of 2023, unless you had a Green Card, you would be a Non-Resident Alien, this means the rules apply differently to you. TurboTax does not handle Non-Resident Alien Returns or forms so you could check with Sprintax.com if you are not a Green Card Holder.

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