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March 6, 2025
Question

Why does it keep saying i have financial account in foreign country? i don't have any. How do i remove that?

  • March 6, 2025
  • 1 reply
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1 reply

DawnC
March 6, 2025

Make sure you did not indicate any of your forms related to a foreign institution.  To get to the question in TurboTax, search for foreign assets and use the Jump to foreign assets link.  

 

A Foreign Financial Account includes:


- Any depository, custodial or securities account (bank account, savings account, mutual funds, etc.) maintained by a foreign financial institution
- Any equity or debt interest in a foreign financial institution (other than interested that are regularly traded on an established securities market)
- Any cash value life insurance or annuity contract maintained by an insurance company or other foreign financial institution
- This includes a financial account maintained by a financial institution that is organized under the laws of a U.S. territory (American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, or the U.S. Virgin Islands

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