Skip to main content
February 26, 2025
Question

turbo tax says I have an account in a foreign country when I do not

  • February 26, 2025
  • 1 reply
  • 0 views
I have three w2 all from in the US and one 1099-INT from US that is all

    1 reply

    February 26, 2025

    In order to correct this, indicate on your tax return that you did not have a foreign bank account, by not checking the box for "Owned or signed on a foreign bank, broker, or other financial account."

     

    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 your entries on your 1099-INT. Revist the 1099-INT input and be sure the box "FATCA filing requirement box is checked." is not checked. 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 the 1099-INT, try deleting it and re-entering manually to be sure there is no hidden information "stuck" in the background.