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    bindi0100's Avatar
    bindi0100 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 22, 2013, 01:15 PM
    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
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Feb 22, 2013, 04:16 PM
    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)
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #3

    Feb 22, 2013, 11:32 PM
    On form FBAR you report amount in U.S. dollars.
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