I am on H1-B and resident. When I went to India I opened a 'NRE' 5-yr fixed deposit account. But that bank doesn't send any interest information (1099) to me. I am not sure how much interest got accrued and when.
Am I supposed to report that interest income on an yearly basis when I file 1040? Does the total balance or interest be reported else where also? What happens if we forget to report inadvertently?
Please note that it is not an NRO or FCNR account. It is NRE.