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Old 01-30-2017, 05:03 PM
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Question I have a question about how to report ( if need to be reported), my money invested in a bank investment account in a foreign Country.

I came to work and live in US in Dec, 2013 as a L1 visa ( internationally transferred by my Employer).
I made my taxes using Turbotax since that time ( 2014 and 2015 ) without issues, since I had only my W2, wife not working and one child.
But when I left Brazil in 2013, I left my house to be sold.
Now, in 2016, my situation changed here. I got my green card (Now I am a permanent resident), I got a new child in October and I sold my house in Brazil, leaving the money there in a bank account. The money I have in Brazil, after have been sold my house, is untouchable and invested in Brazilian CDBs ( this is a very protective investment ).
Regarding to my child, it is easy to understand how to add him to my taxes, but my concern is how to report my money there, once I think in a near future ( when the currency in Brazil against the dollar comes better), bring all my money here.
So my questions are:
1) How to report this money?,
2) I am receiving interest in this investment, but all interest becomes there, I am not bringing here, how to report / or do I need to report?,
3) I Paid taxes, realtor fees, bank fees, title fees and etc, when sold my hose and have to report to Brazilian IRS now, do I need to report here too or use this info here? Both IRS reporting times are the same, I mean, I will report now in 2017.
4) Probably I will have to report capital gain after sold my house to Brazilian IRS, and here?.. what should I do ?

Finally, my concern is to legally report what I should report and claims, to avoid problems with US IRS and be right that I will not have any problem in the future, when decide to bring this money to US



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