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March 11, 2025
Question

I had no foreign account, but Schedule B checks "Yes" on Part III 7a indicating I had a foreign account. How do I change this to "No."

  • March 11, 2025
  • 1 reply
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I have answered "No" in the on-screen prompt after entering all my income information.

    1 reply

    March 11, 2025

    Double check that the box for "Owned or signed on a foreign bank, broker, or other financial account" is not checked.

     

    Here’s how to do this in TurboTax Online:

    1. Go to Miscellaneous investment income.
    2. Answer the questions on the "Miscellaneous Investment Income" screen.

     

    If that looks correct, there may be an error in one of your entries from your bank (1099-INT, 1099-DIV, etc). Revisit all your entries and be sure the box "FATCA filing requirement box is checked." is not checked, if it is not checked on your forms. You may have to select "My form has info in other boxes (this is uncommon)" first to expand.

     

    If that still doesn't work, and you imported any of your 1099s, you can try deleting them and re-entering manually to be sure there is no hidden information "stuck" in the background.