The system checks the row with 'Yes' even though in the process or with manual selection it is selected with 'No'. It prevents this report from being summitted as IRS may have questions on why this field was selected and other related subsequent fields are not filled out. It looks like a bug in the application.
Try deleting and re-entering your Schedule B info.
Deleting Schedule B will delete any interest (1099-INT) and dividends (1099-DIV) on your return. If you received interest and dividends, put those amounts back in before filing. The foreign bank question will come up again. Be sure to say No this time.
@ErnieS0 thanks for your answer. I already tried doing that. The system removed all my INT and DIV records like you said and stopped generating the form. Once I entered them again, the system asked me about foreign assets and I answered "No". However in the end the system still generated the form with a "Yes" check against the row 7a.
Please clarify. Are you using TurboTax Online or CD/Download?
Deleting usually clears this error. When you re-enter your interest and dividends, are you importing or typing the information yourself?
If you are importing, try typing the info yourself.
Thanks a lot, typing the data manually fixed the issue and the schedule page stopped being generated (and it actually shouldn't generate because the amount of dividends is less than 1500$).
I had typed the information into TurboTax and I didn’t realize that box 7a was checked YES until I had submitted and printed. 😡 Boxes 7b and 8 are both NO. Why is this a problem with TurboTax software? I’m not happy!!!!
I have tried everything to have Schedule B 7a indicate NO. This must be a bug. Has anyone figured out how to correct for the 2023 submission? Thx
Many things have been corrected in the latest updates to TurboTax. Are you still experiencing this problem? If you are still having an issue can you please give us more information and clarify your question.
Make sure you have ran all updates.
If using TurboTax Online: Clear your cache and cookies. See this FAQ, for your particular browser.
If using TurboTax Desktop: Please see this FAQ.
Yes,
I have no foreign account. So I checked no on line 7a. It comes up in an error when I run smart check. It says 7a should be blank so I uncheck it. Run smart check again and says there is an error 7a is blank and gives option for yes or no. Click no and repeats again.....says error when run smart check says 7a should be blank..What is going on! I can't file because of some glitch in software. I can't seem to clear it it always comes back.
I have the same issue I entered interest manually but imported dividens and 1099Bs based on quantity from a managed account. How do I fix this. I have no foreign account. So I checked no on line 7a. It comes up in an error when I run smart check. It says 7a should be blank so I uncheck it. Run smart check again and says there is an error 7a is blank and gives option for yes or no. Click no and repeats again.....says error when run smart check says 7a should be blank..WHat is going on! I can't file because of some glitch in software.
Same issue...there is a software bug. Spent a lot of time to enter data. I should not have to delete all my data and imports to fix this just for it to happen again. Hope there is a fix for this bug soon.
I am running software from CD install on Windows. I checked for updates and says it is the latest version yet when I check no to 7A after running smar check it says to uncheck box, needs to be blank. When blank, smart check says to select a box for line 7...it s no win situation and I dont want to deleate all my data an start over, there must be a better solution. Others have said they did and problem is still there.
EUREKA!
I stumbled onto a fix they didnt provide us. Instead of checking the box in step by step mode I entered the checked box in 7a in the forms mode and saved and did error check from forms and was all good. When I when back to step by step mode the and ran for errors the issue did not trigger.
UPDATE******
EUREKA!
I stumbled onto a fix FOR SOFTWARE BUG. Instead of checking the box 7A in step by step mode I entered the checked box in 7A in the forms mode and saved and did error check from forms mode and was all good. When I when back to step by step mode the and ran for errors the issue did not trigger an error either.
I had the same issue. I had to delete Form B. Reload everything (took me an extra 3 hours), and then the form was correct. I use the online software. It is a bug that was not fixed from last year. Good Luck.
I have the same problem now. I'm using TurboTax online, and I only discovered this problem after I submitted it. While entering the information, I went back 3 or 4 times to confirm that I don't have a foreign account, but when I printed out my Tex return, 7a still showed "Yes." I'm panicking now and don't know what to do or how I can fix this problem.
While that is considered one of the most important questions on the tax return, there is nothing in your case to be added or reported. Worldwide income should be reported. Foreign accounts are reported through the global banking system. You don't have foreign bank accounts nor do you foreign income to report on extra forms. The IRS will not receive any reports on you. When you file next year, mark no and you should not have any issues.
I'm having this same problem. I did not catch it before I filed. The IRS flagged my return and is holding my refund until they review it. I went back and checked my return and found the error so I'm assuming that's the issue. I guess I'll see what happens.
I have this issue! I submitted my return tonight because all the information was correct. I reviewed it multiple times. After, I downloaded my return and I'm seeing this mistake. Along with one other.
I 100% selected no but 7a is marked yes in the return I filed. I don't know what to do!
I had this problem last year. I ended up getting it escalated with Turbo Tax support and even they could not help me. i was trying to file an amendment without that box being checked and it was not possible with the online software. Once that box is checked you cannot uncheck it. They told me I could purchase the actual software you install on your computer because it gives control to edit each form individually. Good Luck.
Thanks for responding- what did you end up doing?
Wow this seems like a huge error and the fact that they haven't fixed the bug, even though many people have been having this issue for a while now, and their only fix is for you to buy their software is so scammy and upsetting.
Honestly, this is my last straw with turbotax. They made two other mistakes on my 2024 return, so I am just hoping it gets rejected by the IRS. If that is the case, I will file with another service because this is ridiculous. And then if not, I will amend my return with an accountant next tax season. IRS says you have up to 3 years to amend returns. What pisses me off is that not only did I pay for this, but now I will have to spend more money trying to rectify their issues. What a joke.
I did not end up doing anything. The IRS is still reviewing my return (8 months later!) . I really don't even know if this bug caused them to flag my return because they won't tell me. I discovered this bug because I went over my return (after they flagged it) trying to figure out if I made an error. I have called them several times and they just tell me it's still being reviewed. It's frustrating.