No, because as long as you are dutiful and report your FBAR requirement, the IRS or Treasury Department will not have an issue with this. Besides, indicating that you have a foreign account does not get reported to the IRS. It is merely an information tool for Turbo Tax to anticipate what forms you need to report your foreign account activity.
Meanwhile, you may select that you do not have a foreign account or just refuse the upgrade when it prompts you to do so. I don't think it will prevent you from completing your Tax Return. File the FBAR requirement, which includes FinCen 114 on the website I listed in my previous post.
Here is how to report you don't have a foreign account. Go to other tax situations>other tax forms>Prepare a report on foreign financial assets. Select start or review and after you make your selection, check the box stating that you have no foreign assets to report. let me know if this works.
@yhh
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