FBAR Filing Requirement - Report Mortgage & Credit Cards?

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elgoog
Posts: 81
Joined: Thu Sep 19, 2019 9:40 pm

FBAR Filing Requirement - Report Mortgage & Credit Cards?

Post by elgoog »

Hi,

I moved to the US in 2021 and am filing as Form 1040 MFJ. For the FBAR filing requirement, I was wondering if I need to report any foreign loan accounts like mortgage accounts and credit card accounts?

Thank you.
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nelsona
Posts: 17951
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: FBAR Filing Requirement - Report Mortgage & Credit Cards?

Post by nelsona »

No.
nelsona non grata. Non pro. Search previous posts. Happy Browsing :D
I will be taking may usual break until MAY. In the meantime, please direct your questions to ND.
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MaggieA
Posts: 134
Joined: Sun Oct 31, 2004 4:06 pm

Re: FBAR Filing Requirement - Report Mortgage & Credit Cards?

Post by MaggieA »

Might be worth noting, though, that the IRS has deemed foreign PayPal accounts to be reportable on FBAR.
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