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    vinciarora's Avatar
    vinciarora Posts: 5, Reputation: 1
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    #1

    Apr 1, 2012, 03:23 PM
    J1 home country bank account and home loan
    Hi , I am on J1 visa in US. I have a NRE bank account in India through which I pay my mortgage on a home loan I have taken from an Indian bank. I don't own any home in US. Do I have to report all this to IRS. How does it work? Thanks
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 5, 2012, 07:12 PM
    As long as you are a non-resident alien under the J-1 visa, you have no requirement to report ANY Indian asset to the U.S. government.
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