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April 16, 2024
Question

If I have a dual citizenship in Mexico and I open an checking account with my citizenship there do I have to claim that account in my taxes?

  • April 16, 2024
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1 reply

SusanY1
April 16, 2024

Maybe.  If the account earns any interest, you will report that in the interest income section of TurboTax.  In addition, if you have a balance in foreign bank accounts (combined) of more than $10,000 US equivalent you may also be required to file FBAR/FinCEN114 which isn't included in TurboTax but is filed HERE.  

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