Forgot to click Foreign account check box as Yes in Schedule B part 3, 7a 7b . Do I need to amend?
I attached foreign banks accounts in 8938 (over $50K but forgot to click Foreign accounts =Yes(left as default = no by mistake) while submitting. This check box is for Schedule B part 3 questions 7a 7b .
Returns are accepted but in IRS transcript shows "foreign acct ind"=NO
Should that matter or needs to be amended to show as YES as forms are sent? I have done FBAR/Fincen for these accounts
Does it need amendment?
‎September 22, 2023
12:05 PM
