Joint foreign account with parents non US residents. should i add the interest in my tax return? I do not enjoy any income on that acc. i am joint holder for emergency.

Forum|Forum|6 years ago
June 6, 2019
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I am US resident as i pass the presence substantial test and i am holder of a joint foreign account with my parents who are non US resident and do not file taxes. i do not enjoy any income on this account and i am holder of this account for emergency purpose. do i need to add the interest earned on this account on my US tax returns?

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Best answer by MaryK1

No, if you did not actually receive any of the interest income, you are not required to report it on your tax return.

MaryK1Answer

Employee

No, if you did not actually receive any of the interest income, you are not required to report it on your tax return.

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kan048Author

Thank you. there is interest earned on this account but since i am secondary holder of the joint account, should i still not declare this as my income? primary holder is non US resident or citizen