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-   -   In FBAR form declaration is to be made in INDIAN rupees or in dollars (https://www.askmehelpdesk.com/showthread.php?t=735591)

  • Feb 22, 2013, 01:15 PM
    bindi0100
    In FBAR form declaration is to be made in INDIAN rupees or in dollars
    I have a question. I tried to fill in forn
    Form TD F 90-22.1, report of foreign bank and... for Non resident Indians.
    In FBAR form declaration is to be made in Indian rupees or in dollars?

    Thanks
    Bindi001
  • Feb 22, 2013, 04:16 PM
    AtlantaTaxExpert
    Bindi001,

    Non-resident aliens do NOT have to submit the FBAR.

    Only resident aliens, green card holders and U.S. citizens have to submit the FBAR.

    When submitted, the money is ALWAYS in U.S. dollars, using the conversion factor on the LAST business day of the calensary year (for 2012, 31 December 2012)
  • Feb 22, 2013, 11:32 PM
    MukatA
    On form FBAR you report amount in U.S. dollars.

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