zoho Posted April 13, 2023 Share Posted April 13, 2023 Guys I sold a property in last year in Bangalore India and sale amount deposied to ICICI NRO bank account. Should I report it to IRS? I heard that US NRIs should disclose the foreign bank accounts details if cumulative max balance(from all accounts) exceeds $10k anytime in the previous year. But before the property sale I had little over $10K in my Indian account too and I didn't disclose as I was not aware of dsiclosing it. So is it mandatory to disclose my indian bank accounts details to IRS every year? How are you guys handling on property sale in India? Do you guys bring that money to US? If so what are the options to bring it to US? Thanks in advance Link to comment Share on other sites More sharing options...
NTR2727 Posted April 13, 2023 Share Posted April 13, 2023 FBAR has to be reported , no choice Link to comment Share on other sites More sharing options...
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