I am not a tax professional, but I file my own U.S. federal tax return.
I have an offshore bank account (properly disclosed to the IRS and FinCEN) that I use for personal expenses.
The bank pays a little bit of interest on the money deposited, but in the past six months has started charging a monthly maintenance fee.
I understand how to report the interest credited, but I am unsure if and where I can deduct the maintenance fee. And what if the maintenance fee is bigger than the interest credited?