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
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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
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)
On form FBAR you report amount in U.S. dollars.
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