Deluxe when Foreign Account more than $10K but less than $50K

Forum|Forum|7 days ago
June 2, 2026
1 reply
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I have a foreign bank account, and during the last calendar year, I had more than $10,000 in it but less than $50,000.

TurboTax says I don’t need to report the foreign account because I had less than $50,000, but I’m still being required to upgrade to Deluxe.

Do I need Deluxe? If not, should I be checking “no” to having a foreign account and filing a separate foreign account-related form for the over $10,000 amount?

TurboTax Online

pk_

Level 15

(a) the suggestion to upgrade to "Deluxe" generally would have been based on the complexity of your tax situation. Since I cannot see your return, suggest you check the forms supported by the On-Line Deluxe version vs. your current selection. Sorry , I could not be more helpful

(b) While FATCA ( form 8938 ) is filed with your return , a foreign bank account ( foreign liquid assets ) reporting is required if you meet the threshold for FBAR form ---- this is filed ONLY on-line at BSA-efile or Fincen.gov using form 114. Here is a reference from the IRS --> Comparison of Form 8938 and FBAR requirements | Internal Revenue Service

Is there more I can do for you ?

If you need more on this or similar, please feel welcome to add to this thread ( public) or PM me ( just NO PII -- Personally Identifiable Information).