My bank account changed country and IBAN during the year: which address and IBAN should I use in Turbotax, when filing for my US taxes?
Personal Finance & Money Asked on June 13, 2021
I have a bank account with Revolut. As a result of Brexit, Revolut moved my bank account from Revolut UK to Revolut European entity in Lithuania (“Revolut Payments UAB”) on Nov. 6, 2020, and changed my bank account’s IBAN accordingly.
In Turbotax, when filing for my US taxes as a US lawful permanent resident, which address and IBAN (= account number) when mentioning this "Foreign Financial Account"? The UK or the Lithuania one?
One Answer
Following some Reddit advice, I entered 2 "Foreign Financial Accounts" in Turbotax:
- 1 "Foreign Financial Account" for the Revolut UK account, which I marked as closed in 2020. (institution name "Revolut Ltd.")
- 1 "Foreign Financial Account" for the Revolut Lithuania account, which I marked as opened in 2020. (institution name "Revolut Payments UAB")
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Correct answer by Franck Dernoncourt on June 13, 2021
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