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Get your taxes done using TurboTax
Same problem here. The FACTA box is empty on the PDF versions of two 1099s, but the imported versions have the box checked. When I found the erroneous checkboxes on the imported 1099s, I unchecked them. However, Turbotax is still automatically checking the "Owned or signed on a foreign bank, broker, or other financial account" under Miscellaneous Income, with the message "We've already selected the second option for you because the FATCA box has been selected on one (or more) of your Forms 1099." I've reviewed all 1099s and the FACTA box is unchecked on all of them, yet Turbotax continues to insist one has been selected.
I manually uncheck the "Owned or signed on a foreign bank, broker, or other financial account" box and select "No, I don't have foreign financial assets" on the next page, then click Continue thinking that the problem is solved. But when I got back to look at Miscellaneous Income again, the "Owned or signed on a foreign bank, broker, or other financial account" is checked again. I remember during the original filing process that I did the same thing. The fact that it reverts to the previous checked state with no warning is a serious flaw.
EDIT: I continued through the process of submitting an amended return, despite the Miscellaneous Income section still being wrong, in hopes that I might be able to manually fix the form before submitting. During the error check process, TurboTax flagged the exact box that was the source of my original issue (Schedule B, Box 7a), warning me that the second checkbox should be blank. There are two checkboxes in 7a. The first was the one that was erroneously checked as Yes on my original return, indicating that I have an account in a foreign country, which I do not. The second box should only be checked if the first box is checked Yes. On the amended return, the first box is now correctly checked as No. But Turbotax didn't remove the second checkbox, and that's what was flagged as an error upon submission.
This seems like a series of bugs in TurboTax. The first bug is that the 1099 import incorrectly checked the FACTA box. The second bug is that the Miscellaneous Income section continues to auto-check the "Owned or signed on a foreign bank, broker, or other financial account" even when all FACTA boxes are unchecked. The third bug (more of just bad UX) is that TurboTax silently reverts the user's options when they say that there are no foreign accounts. The actual return ends up correctly indicating that there are no foreign accounts, which is ultimately what I want ... but I wouldn't have known that without just brute-forcing my way through the rest of the amendment process in hopes of finding a fix. Not everyone would go that far. The final bug is that TurboTax doesn't uncheck the second checkbox once the first is set to No.
All's well that ends well, I suppose, but it took way too much extra time combing through every single form multiple times to figure out what the issue was. Hopefully this post helps someone else who runs into the same issue.