r2i forum

How to you report foreign accounts interest income when your total account value is 10K or less and you claim "No" on Schedule B? Regardless of how much is your foreign account, any interest from it should be taxed by the IRA. Is this right? Publication 17 says if you are a citizen, you should ...

No, Schedule B clearly says that if you answer Yes, you have to file TDF90-22.1. It also says if your total value is 10K or less, you can answer "No". What should I do if I answered "no" in the past few years because I did not realize my total account is over 10k. Can I correct or should I report ...

[QUOTE=Desi;10725]No exemption. you are required to report all interest for taxes. [URL="http://www.r2iclubforums.com/clubvb/showthread.php?t=229"][COLOR=blue]NRE Account (Non Resident External Rupee)[/COLOR][/URL][/QUOTE] I have a question. When your overseas accounts' total value is 10K or less ...