USA Clarification of what is considered a situs account

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Mar 25, 2022
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I am asking since there are different tax rules for situs vs non situs accounts for non residen aliens. The IRS states that this is not considered situs:

Bank deposit interest that is not effectively connected with the conduct of a U.S. trade or business.

Does this mean that a normal personal account is not considered situs?
 

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